Global Market News

ASIA ECONOMICS: Asian Shares Close Mixed on Economic Data


Last updated: 09/10/2019 07:12:21

07:12 AM EDT, 09/10/2019 (MT Newswires) -- Stocks in the Asia-Pacific region finished mixed on Tuesday, as investors await for U.S. Fed and ECB monetary policy meetings and after latest data showed Chinese producer prices dropped the most in three years, said Trading Economics. Producer prices fell 0.8% from a year earlier, the sharpest decline since August 2016, while consumer inflation held at 2.8% amid persistently high pork prices in the wake of an outbreak of swine fever, the report added. The Shanghai Composite index fell 4 points, or 0.1%, to 3021; and the S&P/ASX 200 declined 34 points, or 0.5%, to 6,614; while the Nikkei 225 rose 74 points or 0.4% to 21,392; the Kospi increased 13 points, or 0.6%, to 2,032; and the Hang Seng finished flat at 26,684.
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