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Asia Mixed Following U.S. Inflation News

Asia-Pacific markets traded mixed after Wall Street saw a tech rally as U.S. consumer price index rose less than expected for April.

In Japan, the Nikkei 225 eked ahead 4.54 points to 29,126.72.

In Hong Kong, the Hang Seng gave back 18.41 points, or 0.1%, to 19,743.79.

The consumer price index showed a reading of 4.9%, slightly less than the 5% gain anticipated by economists polled by Dow Jones. Month-over-month, inflation matched expectations with a 0.4% increase.

CHINA

In China, the CSI 300 index slid 6.21 points, or 0.2%, to 3,990.66.

Investors in Asia will be closely watching the inflation print from China for April, which came in slower than expected at 0.1%, compared to the 0.4% forecasted in a Reuters poll.

In other markets

In Singapore, the Straits Times index doffed 12.74 points, or 0.4%, to 3,229.55.

In Korea, the Kospi fell 5.51 points, or 0.2%, to 2,491.

In Taiwan, the Taiex index lost 127.12 points, or 0.8%, to 15,514.64.

In New Zealand, the NZX 50 retreated 99.54 points, or 0.8%, to 11,887.76.

In Australia, the ASX 200 dropped 3.82 points, or 0.1%, to 7,251.91.