CNBC Daily Open: Wall Street wary as inflation data looms

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Hang Seng rallies
Hong Kong stocks led gains in Asia on Tuesday as the Hang Seng index extended gains, while mainland China's CSI 300 also rose. Japan's Nikkei 225 and the Topix fell after January's corporate inflation figures came in higher than expected. Overnight, U.S. stocks ended mixed as investors await key inflation data for clues on the Federal Reserve's path on rate cuts. The S&P 500 and Nasdaq closed 0.1% and 0.4% lower, respectively. The Dow eked out a 0.1% gain.

China's valuations too low
Shaun Rein, founder and managing director of the China Market Research Group, said valuations of Chinese stocks are "way too low." While China's economic struggles have battered its stock markets, the strategist added investors "should be looking long-term at China again, it's definitely investible."

U.S.-China decoupling 'in full force'
U.S. curbs on China will increase as 'decoupling is really in full force,' noted Steven Okun, founder and CEO of APAC Advisors. "The question is to what extent and how broad will it be," he told CNBC. His remarks come amid moves by Washington that could lead to a ban on TikTok.

Web inventor's top predictions
Tim Berners-Lee, recognized for inventing the World Wide Web, told CNBC his top predictions for the future of the web — and how it will be transformed by Al. This comes as the web turns 35, which marks a key milestone in the modern technology's development.  

[PRO] Barclay's three global picks
Barclays picked three European stocks for investors to consider buying for