Asia-Pacific markets closed higher, following Wall Street's gains on positive US inflation data, fueling expectations of a potential interest rate cut by the Federal Reserve next month. Japan's Nikkei 225 reached a new high of 43,274.67, gaining 1.3 per cent, while the Topix rose by 0.83 per cent to close at 3,091.91. South Korea's Kospi increased by 1.08 per cent to 3,224.37, and the Kosdaq rose by 0.86 per cent to 814.1. China's CSI 300 ended the day 0.79 per cent higher at 4,176.58. Australia's S&P/ASX 200 closed down by 0.6 per cent at 8,827.1. Attribution: CNBC Subediting: M. S. Salama