Asia-Pacific markets mixed mirrored Wall Street sentiment as relief over cooler U.S. inflation data was overshadowed by worries about an escalating global trade war, sparked by President Donald Trump's latest tariff measures.

Trump threatened to enact 200% tariffs on all alcoholic products coming from the European Union in retaliation for the bloc’s 50% tariff on whisky.

The Nasdaq Composite picked up after the soft inflation report eased concerns about a looming recession and as investors snapped up technology shares.