Asia-Pacific markets mixed after Wall Street stumbled overnight
Istanbul, May 15 (Hibya) - Asia-Pacific markets were mixed as stocks on Wall Street stumbled overnight, with the Dow Jones Industrial Average snapping an eight-day winning streak.
Investors in Asia assessed India’s inflation numbers. Data released Monday showed that the consumer price index climbed 4.83 percent yearly, nearly in line with the 4.8 percent expected by economists. India’s wholesale inflation reading will be released later in the day.
Data from the Bank of Japan showed that corporate inflation was steady in April compared with a year earlier, but import prices jumped 6.4 percent year over year last month, most likely due to the yen’s sharp declines.
Japan’s Nikkei 225 and the broader Topix climbed 0.46 percent and 0.25 percent, respectively, ending at 38,356.06 and 2,730.95.
South Korea’s Kospi rose 0.11 percent to 2,370.34, while the smaller-cap Kosdaq gained 0.9 percent, ending at 862.15. The S&P/ASX 200 in Australia fell 0.3 percent, ending the day at 7,726.8.
Hong Kong’s Hang Seng index reversed gains to trade 0.1 percent lower, while mainland China’s CSI 300 index fell 0.21 percent to close at 3,657.05.
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