Asia mostly down amid inflation data, US-China spat

Wednesday, 09. June 2021 07:18

Stocks on the major Asian indexes traded mostly in the negative territory on Wednesday after China's National Bureau of Statistics unveiled that the inflation gauge in the country disappointed investors' expectations in May.

The traders also monitored the ongoing row between Beijing and the United States. While China's Defense Ministry protested against Washington senators' visit to Taiwan, the upper chamber of the US Congress passed a bill that looks to aid the US in competing with China.

Japan's Nikkei 225 lost 0.32% at 7:15 am CET, while Hong Kong's Hang Seng decreased by 0.11% a minute later, as South Korea's Kospi Composite dropped 0.76%. The dollar traded flat against the yen, going for ¥109.4810 at 7:16 am CET. The Australian S&P/ASX 200 concurrently slid by 0.23%.

In mainland China, the Shanghai Composite added 0.33% at 7:02 am CET, with the Shenzhen Composite gaining 0.31% a minute later.

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Author:
Breaking the News / BU