Fairfax teen says he shot man who jumped in front of and kicked his Tesla

This is CNBC s live blog covering Asia-Pacific markets Asia-Pacific markets traded mixed Wednesday after Wall Street gains on investor optimism after U S President Donald Trump extended the deadline for a tariff on European Union imports until July Japan s benchmark Nikkei rose while the Topix added South Korea s Kospi jumped and the small-cap Kosdaq Index advanced Australia s S P ASX slipped Australia s inflation rate rose in April unchanged since February but higher than the median estimate of polled by Reuters Hong Kong s Hang Seng index declined while mainland China s CSI traded flat India s Nifty slipped Over in New Zealand its central bank expectedly cut the benchmark rate to The New Zealand dollar strengthened modestly following the announcement to agreement at against the greenback U S futures were little changed as investors await earnings results from Nvidia and the minutes from the Federal Reserve s May meeting due out Wednesday afternoon U S time Overnight the three major stock averages closed higher The Dow Jones Industrial Average gained points or to finish at while the S P rose to Both snapped four-day losing streaks The Nasdaq Composite popped to as instrument names like Tesla saw outsized gains CNBC s Alex Harring and Lisa Kailai Han contributed to this summary South Korea s Kospi hits highest intraday level since Sept South Korea s benchmark Kospi rose to the highest intraday level since last September statistics from LSEG presented The index was trading higher to lead gains in the region as of p m local time This comes ahead of Nvidia s quarterly earnings overview which is set to be out Wednesday U S time Index heavyweights Samsung Electronics and SK Hynix rose and respectively Naver rose and LG Resource Answer jumped The Kospi index has climbed year-to-date Australia consumer prices rise faster than expected in April Australia s consumer inflation rose more than expected in April input distributed by the Australian Bureau of Statistics revealed Wednesday largely fueled by the seasonal tour demand around holidays and higher private insurance costs The consumer price index came in at unchanged from the previous month but hotter than economists estimate of in a Reuters poll The Aussie dollar was little changed following the information release while the benchmark S P ASX index was flat The Reserve Bank of Australia cut its cash rate by basis point last week to a two-year low of in its second reduction this year Abhijit Surya senior Asia-Pacific economist at Capital Economics reiterated his view that the central bank will ease procedures more gradually than markets expect forecasting a cyclical low of a level notably higher than the terminal rate presently priced in by investors Anniek Bao New Zealand expectedly cuts benchmark rate by basis points New Zealand s central bank expectedly trimmed its benchmark official cash rate by basis points to on Wednesday This marks the sixth straight cut as easing inflation offered certain room for policymakers to cushion the country s ailing economic activity against global bargain disruptions The decision was in line with estimates of analysts polled by Reuters Core inflation is declining and there is spare productive maximum in the market system policymakers commented in a message following the committee s meeting These conditions are consistent with inflation returning to the mid-point of - percent target over the medium term The central bank has slashed rates by basis points in this easing cycle since August according to LSEG evidence The New Zealand dollar strengthened modestly following the announcement to arrangement at against the greenback Anniek Bao Stocks close higher The three major indexes finished Tuesday s session in the green snapping four-day losing streaks for the S P and Nasdaq Composite The S P added around while the Nasdaq jumped The Dow climbed more than points or Alex Harring