China CPI Hits 15-Mo. High, Asia Mostly Lower

Jun 12, 2019 (Baystreet.ca via COMTEX) — Shares in Asia Pacific declined on Wednesday following an overnight trading session on Wall Street that saw the end of the Dow Jones Industrial Average’s winning streak.

In Japan, the Nikkei 225 dropped 74.56 points, or 0.4%, to 21,129.72, with shares of conglomerate and index heavyweight Softbank Group dropping 2.4%.

The Japanese yen traded at 108.33 against the U.S. dollar after scaling levels above 108.6 in the previous session

In Hong Kong, the Hang Seng index plummeted 480.88 points, or 1.7%, to 27,308.46, as protests continued in the city on Wednesday over the contentious China extradition law. Lawmakers in Hong Kong were originally set to discuss the proposal Wednesday morning, but the legislature announced in a statement on its website that the meeting would be “changed to a later time,” without offering a reason.

The Australian dollar changed hands at $0.6951 U.S. following an earlier high of $0.6963.

CHINA

In Shanghai, the CSI 300 eased back 28.18 points, or 0.8%, to 3,691.10

Official Chinese inflation data showed the producer price index in the country rising 0.6% year-on-year in May, meeting expectations of analysts. The consumer price index also rose 2.7% year-on-year in the same period, its fastest pace since Feb 2018 and in line with analyst expectations.

In other markets

In Korea, the Kospi index lost 3.06 points, or 0.1%, to 2,108.75

In Singapore, the Straits Times Index gave back 1.84 points, or 0.1%, to 3,207.74

In Taiwan, the Taiex Index moved higher 7.9 points, or 0.1%, to 10.615.66.

In New Zealand, the NZX 50 gained 65.99 points, or 0.7%, to 10,205.14

In Australia, the ASX 200 withered 2.55 points to 6,543.74

Read More Here...

Bookmark the permalink.