TOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data.

Japan’s benchmark Nikkei 225 gained 0.3% to 38,287.41. Australia’s S&P/ASX 200 slipped 0.4% to 7,723.10. South Korea’s Kospi rose 0.2% to 2,731.62.

Chinese markets were flat ahead of an expected announcement by the Biden administration on raising tariffs on imports from China. Hong Kong’s Hang Seng slipped less than 0.1% to 19,096.65, while the Shanghai Composite also lost less than 0.1%, to 3,147.54.

Investors were watching for indicators on inflation to gauge the direction of economic growth, as well as the strength of the dollar.

“Today marks a significant day for both Germany and the U.S.A. as they are set to unveil crucial economic data,” said Luca Santos, market analyst at ACY Securities, referring to consumer price data from Germany and producer costs in the U.S.