Asian markets trade lower; China's consumer price index up 3.3% yoy in April

Hong Kong’s Hang Seng index fell 1.84%, the Shanghai Composite down 0.3% while the Shenzhen Composite shed 0.348%.

May 12, 2020 08:05 IST India Infoline News Service

Stocks markets in Asia have take a horrible beating this year and lost as much $6.2trillion.
Asian stock markets were trading lower on Tuesday’s as Chinese inflation data for April missed expectations. Hong Kong’s Hang Seng index fell 1.84%, the Shanghai Composite down 0.3% while the Shenzhen Composite shed 0.348%.

The Nikkei 225 and Topix index declined 0.31% and 0.22%, respectively, South Korea’s Kospi dropped 1.22% and the S&P/ASX 200 in Australia fell 1.42%.

On the economic data front, China’s consumer price index for April rose 3.3% you.

Meanwhile, US indices ended on a mixed note on Monday, with the Nasdaq Composite rose 0.78% to close at about 9,192.34. The S&P 500 ended it's a trading day largely flat at 2,930.32 while the Dow Jones Industrial Average fell 109.33 points to close at 24,221.99. 

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