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Asia-Pacific markets largely higher as investors assess inflation data from India and Japan

This is CNBC's live blog covering Asia-Pacific markets.

Asia-Pacific markets were largely higher Tuesday even as stocks on Wall Street stumbled, with the Dow Jones Industrial Average snapping an eight-day winning streak.

Investors in Asia assessed India's inflation numbers. Data released Monday showed consumer price index climbed 4.83% year on year, nearly in line with the 4.8% expected by economists polled by Reuters.

India's wholesale inflation reading is due to be released later in the day.

Data from the Bank of Japan showed that corporate inflation was steady in April compared with a year earlier, but import prices jumped 6.4% year over year last month, most likely due to the yen's sharp declines.

Japan's Nikkei 225 gained 0.1%, while the broader Topix added 0.06%.

Hong Kong's Hang Seng index was 0.6% higher, while mainland China's CSI 300 rose 0.3%.

South Korea's Kospi was flat, while the smaller-cap Kosdaq gained 0.9%.

The S&P/ASX 200 in Australia fell 0.3%.

Overnight in the U.S., traders grappled with rising inflation expectations ahead of key reports due later in the week.

A New York Federal Reserve survey showed consumers last month raised their expectations for price increases. On a one-year basis, inflation expectations rose to 3.3%. Their five-year inflation outlook ticked up to 2.8%.

The 30-stock Dow fell 0.21%, while the S&P 500 inched lower by 0.02%. The Nasdaq Composite added 0.29%.

Shares of meme stock GameStop soared 74% after "Roaring Kitty," the moniker of the Reddit trader behind 2021's short squeeze, posted online for the first time in three years.

— CNBC's Brian Evans and Lisa Kailai Han contributed to this report.

Data from the Bank of Japan showed that corporate inflation was steady in April compared with