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Asia Mostly Gains Amid Inflation Concerns

Shares in the Asia-Pacific were mixed Friday as investors digest Japan’s inflation data.

In Japan, the Nikkei 225 gained 111.66 points, or 0.4%, to 27,914.66.

Official data released Friday showed that prices in Japan rose 2.2% in June compared to a year ago, in line with analysts’ expectations.

Japan’s central bank on Thursday kept rates on hold at ultra-low levels, as expected.

The Japanese yen traded at 137.61 per U.S. dollar, strengthening from recent levels above 138 against the greenback.

In Hong Kong, the Hang Seng index recounted 34.51 points, or 0.2%, to 20,609.14.

The Australian dollar was at $0.6917, rising from below $0.6880.

In other markets

In Shanghai, the CSI 300 eked higher 2.17 points, or 0.1%, to 4,238.23.

In Taiwan, the Taiex added 11.66 points, or 0.1%, to 14,949.36.

In Singapore, the Straits Times Index recovered 29.04 points, or 0.9%, to 3,181.34

In Korea, the Kospi dumped 16.02 points, or 0.7%, to 2,393.14.

In Australia, the ASX 200 fell 2.78 points to 6,791.50

In New Zealand, the NZX fell 6.57 points, or 0.1%, to 11,263.19.