Asia-Pacific markets tumbled Thursday following a choppy session on Wall Street as the Federal Reserve meeting minutes signaled interest rates could stay higher for longer due to sticky inflation.

Investors in Asia also await China’s inflation data for December. Economists polled by Reuters expect growth in consumer prices to have remained near zero, while producer prices are estimated to have continued to slide.

Japan’s benchmark Nikkei 225 slipped 0.14% and the Topix fell 0.29%.

Australia’s S&P/ASX 200 edged down 0.63%.

South Korea’s Kospi index fell 0.1%, while the small-cap Kosdaq slid 0.38%.

Futures for Hong Kong’s Hang Seng index last traded at 19,264, pointing to a lower open compared to the HSI’s close of 19,279.84.

Overnight stateside, the S&P 500 and the Dow Jones Industrial Average posted narrow gains after the minutes from the Federal Reserve’s December meeting revealed most committee members see inflation risks have increased.

The U.S. 10-year Treasury yields briefly topped 4.7%, as the inflation outlook fueled investors’ concerns that the Fed may slow the pace of policy easing this year.

The broad market index gained 0.16% to close at 5,918.25, while the Dow added 0.25% to finish at 42,635.20. The Nasdaq Composite was little moved, ending at 19,478.88.

— CNBC’s Pia Singh and Sean Conlon contributed to this report.