Asia markets mixed in morning trade; Chinese inflation steady – CNBC
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Elsewhere, Australia’s ASX 200 was down 0.14 percent, weighed by steep declines in the energy and materials sub-indexes, which fell 2.53 and 2.75 percent respectively. In Japan, the Nikkei 225 added 1.44 percent, while across the Korean Strait, the Kospi traded up 0.31 percent. In Hong Kong, the Hang Seng index was down 0.24 percent.
Angus Nicholson, a market analyst at spreadbetter IG, said gains in the dollar and a pullback in oil prices would dominate markets in the near-term.
Chinese data showed April’s consumer price index was up 2.3 percent on-year, compared with the median forecast in a Reuters poll for a 2.4 percent increase. In March, consumer prices also rose by 2.3 percent on-year. The producer price index for April, on the other hand, fell 3.4 percent on-year, slightly smaller than the 3.8 percent decline that analysts polled by Reuters had expected.
Asia markets mixed in morning trade; Chinese inflation steady – CNBC}