Stocks in major Asia Pacific markets were lower on Tuesday, as Chinese inflation data for April missed expectations.
In Tokyo, the Nikkei 225 deducted 24.18 points, or 0.1%, to 20,336.48.
In corporate earnings, Japanese automaker Toyota posted a 1% year-on-year decrease in its operating income for the 2020 fiscal year. In particular, the firm also forecast a 79.5% year-on-year plunge in its operating income for the 2021 fiscal year. Shares of Toyota in Japan slipped 1.97% on Tuesday.
The Japanese yen traded at 107.57 per U.S. dollar after seeing an earlier low of 107.69.
The Hang Seng index in Hong Kong backtracked 356.38 points, or 1.5%, to 24,245.68.
The Australian dollar changed hands at $0.648 after its decline from levels above $0.654 yesterday.
CHINA
In Shanghai, the CSI 300 eked up 0.06 points to 3,960.24.
On the economic data front, China’s inflation for April released by the country’s National Bureau of Statistics missed expectations. The consumer price index for April rose 3.3% year-on-year, versus expectations of a 3.7% increase.
Meanwhile, China’s producer price index for April declined 3.1% year-on-year, as compared to a 2.6% fall expected
In other markets
In Korea, the Kospi fell 13.23 points, or 0.7%, to 1,922.17
In Singapore, the Straits Times Index slipped 23.5 points, or 0.9%, to 2,587.81
In Taiwan, the Taiex index slid 58.17 points, or 1.1%, to 10,818.67.
In New Zealand, the NZX 50 jumped 58.38 points, or 0.5%, to 10,818.67.
In Australia, the ASX 200 subtracted 58.17 points, or 1.1%, to 5,403.05.