Asian stocks mixed, China gains ahead of US price data
ABC News
Shares are mixed in Asia with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street
Shares were mixed in Asia on Wednesday with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street.
Hong Kong's Hang Seng rose 1.7% to 19,967.25 and the Shanghai Composite index climbed 1.5% to 3,082.50.
That followed the release of data showing inflation at 2.1% in April in annual terms, up 0.4% over the previous quarter.
Surging inflation is prompting central banks and governments in many countries to rein in support provided to markets and businesses during the height of the pandemic.
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