Stocks in China and Hong Kong fell Wednesday as China’s consumer prices slipped into negative territory in July, for the first time in 28 months.
In Japan, the Nikkei 225 index lost 172.96 points, or 0.5%, Wednesday to 32,204.33,
In Hong Kong, the Hang Seng recovered 61.86 points, or 0.3%, to 19,246.03.
CHINA
In China, the CSI 300 faded 12.16 points, or 0.3%, to 3,967.57.
China’s July CPI declined by 0.3% year-on-year, smaller than the 0.4% expected by economists polled by Reuters — the last time China recorded a fall in its inflation rate was in February 2021.
Its producer price index fell 4.4% in July compared to a year ago, more than the 4.1% expected by economists polled by Reuters.
In other markets
Markets in Singapore were shuttered for holiday.
In Taiwan, the Taiex index dipped 6.13 points to 16,870.94.
In Korea, the Kospi Index stepped forward 31.14 points, or 1.2%, to 2,605.12.
In New Zealand, the NZX 50 slipped 30.49 points, or 0.3%, to 11,838.26.
In Australia, ASX 200 gained 26.81 points, or 0.4%, to 7,337.96.
