Australia's S&P/ASX 200 opened down 46.7 points, or 0.50%, at 9,203.90 on Aug. 12 (Wednesday).

UBS global research economist Jonathan Pingel says US July inflation YoY is expected to ease, but the pace should remain well above pre-Iran-conflict levels and above last year’s rate, implying overall inflation remains elevated despite recent moderation. UBS expects core inflation to firm after an unexpectedly weak June reading, led by a rebound in core non-shelter services, with transport, medical and telecom services prices reverting to normal faster-paced increases.

CSI 300 index futures (IF) most-active contract down 0.10%, SSE 50 index futures (IH) most-active contract down 0.17%, CSI 500 index futures (IC) most-active contract up 0.12%, CSI 1000 index futures (IM) most-active contract down 0.03%.