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- Asian Stocks close: most stocks increased due to the increasing consumer price inflation in China
Asian Stocks close: most stocks increased due to the increasing consumer price inflation in China
Most Asian
stock rose due to the increasing consumer price inflation in China. The Chinese
consumer price index increased 2.5% in May, after a 1.8% gain in April.
Analysts had expected a 2.4% rise.
The Chinese
producer price index declined 1.4% in May, after a 2.0% decrease in April.
Analysts had expected a 1.5% fall.
Japan’s
preliminary machine tool orders decreased to 24.1% in May from 48.7% in April.
April’s figure was revised down from 48.8%.
Japanese
tertiary industry activity index dropped to -5.4% in April from 2.4% in March.
Analysts had expected the index to fall -3.3%.
Indexes on
the close:
Nikkei
225 14,994.80 -129.20 -0.85%
Hang
Seng 23,315.74 +198.27 +0.86%
Shanghai
Composite 2,052.53 +22.03 +1.08%
LG Innotek
Co., a supplier of camera modules for smartphones, rose 7.6%.
LG Display
Co., a supplier of panels for Apple Inc., climbed 6.4%.
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