Asian stock market opened in the negative zone, however, trading mixed in today’s trade. Chinese consumer inflation jumped in November.
According to the National Bureau of Statistics, Chinese consumer inflation jumped in November and the Consumer Price Index for November was also up 4.5% yoy, as food prices skyrocketed 19.1% amid an outbreak of African swine fever.
Meanwhile, the Shanghai composite is down about 0.2% and the Shenzhen component slipped 0.25%. Hong Kong's Hang Seng index, Japan's Nikkei 225 and Topix index are also trading lower in morning trade. South Korea's Kospi bucked the overall trend regionally as it rose 0.13%.
As per media reports, US Agriculture Secretary Sonny Perdue said Washington is unlikely to impose upcoming tariffs on Chinese exports, set to go into effect on Dec. 15.