Stocks in Asia Pacific were mixed on Wednesday, as Chinese inflation data for May missed expectations.
In Tokyo, the Nikkei 225 regained 33.92 points, or 0.2%, to 23,124.95. The Japanese yen traded at 107.37 per U.S. dollar following its strengthening from levels above 107.8 yesterday
The Hang Seng index in Hong Kong dropped 7.49 points to 25,049.73.
Investors awaited the release of the U.S. Federal Reserve’s economic forecast, expected on Wednesday stateside.
The Australian dollar changed hands at $0.6981 after touching an earlier low of $0.693.
CHINA
In Shanghai, the CSI 300 subtracted 7.32 points, or 0.7%, to 4,039.71.
In economic data, China’s inflation data for May missed expectations. Its producer price index for May fell 3.7% from a year earlier, according to China’s National Bureau of Statistics, a larger decline that the 3.3% fall expected by analysts.
Meanwhile, its consumer price index rose 2.4% year-on-year in May, less than a 2.7% increase estimated by economists.
In other markets
In Korea, the Kospi eked ahead 6.77 points, or 0.3%, to 2,195.69
In Taiwan, the Taiex index prospered 83.05 points, or 0.7%, to 11,720.16
In Singapore, the Straits Times Index reattached 6.77 points, or 0.3%, to 2,800.57.
In New Zealand, the NZX 50 lost 38.17 points, or 0.3%, to 11,260.52.
In Australia, the ASX 200 forged ahead 3.48 points, or 0.1%, to 6,148.43.
