Asian stocks dip after China's CPI data
Shares in the Asia-Pacific region traded with losses on Wednesday after China's National Bureau of Statistics revealed that the consumer price index (CPI) in the country advanced 1.5% on an annual level.
Shares in the Asia-Pacific region traded with losses on Wednesday after China's National Bureau of Statistics revealed that the consumer price index (CPI) in the country advanced 1.5% on an annual level, Baku Tribune reports citing Breaking News.
In other news, Chinese President Xi Jinping expressed willingness to enhance cooperation with the United States, describing working together as "the only right choice" for the world's two leading economies.
In mainland China, the Shanghai Composite was down 1.11% at 7:00 am CET, with the Shenzhen Composite also down 1.02%. Hong Kong's Hang Seng traded 0.94% lower at 7:16 am CET.
Japan's Nikkei 225 lost 0.61% at the close with the Australian S&P/ASX 200 declining 0.14% as the session ended. The dollar was little changed against the yen, going for ¥112.8930 at 7:17 am CET, as South Korea's Kospi dropped 1.07% a minute later.
The Rocket and Artillery formations of the Azerbaijan Army conduct live-fire exercises in accordance with the combat training plan for 2021, the Ministry of Defense of Azerbaijan told Baku Tribune.
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