Shares in Asia-Pacific were mixed on Wednesday as investors reacted to the release of Chinese inflation data for October.
In Japan, the Nikkei 225 unloaded 178.68 points, or 0.6 %, to 29,106.78.
Shares of Japanese automaker Nissan Motor surged 7.51% after the firm on Tuesday upgraded its profit outlook.
The Japanese yen traded at 113.11 per U.S. dollar, stronger than levels above 113.5 seen against the greenback earlier in the trading week.
In Hong Kong, the Hang Seng rumbled 183.01 points, or 0.7%, higher to 24,996.14.
Shares of Chinese real estate firm Fantasia Holdings in Hong Kong plunged 36.61% after returning to trade. Fantasia — whose Hong Kong-listed stock was suspended for more than a month — failed to repay a $206 million bond that matured early October.
Other real estate shares listed in Hong Kong rose, with China Evergrande Group jumping 3% while China Vanke gained 5.9%, Country Garden surged 7.9% and Sunac China soared 14.9%.
The Australian dollar was at $0.7367 following a recent drop from above $0.74.
CHINA
In China, the CSI 300 dropped 25.55 points, or 0.5%, to 4,821.19
China’s consumer inflation for October came in roughly in line with expectations, according to official data released Wednesday. The consumer price index for October rose 1.5% from last year, against expectations in a Reuters poll for a 1.4% increase.
Producer prices, however, rose more than expected. The producer price index for October surged 13.5% from last year, above expectations in a Reuters poll for a 12.4% gain.
In other markets
In Taiwan, the Taiex gained 18.29 points, or 0.1%, to 17,559.65
In Singapore, the Straits Times Index lost 12.1 points, or 0.4%, to 3,231.32
In Korea, the Kospi index docked 32.29 points, or 1.1%, to 2,930.17.
In New Zealand, the NZX 50 let go of 68.12 points, or 0.5%, to 13,022.46.
In Australia, the ASX 200 lost 10.29 points, or 0.1%, at 7,423.90.
