From Investing.com: 2024-05-13 02:26:00

Stock exchanges in the Asia Pacific region mostly declined on Monday due to new inflation data from China. In April, China’s inflation rose to 0.3% year-over-year, leading to a downturn in Chinese stocks like the SSE Composite (-0.9%) and Shenzhen Composite (-0.69%). However, Hong Kong’s Hang Seng Index saw a 0.42% increase.

Other markets also saw declines, with South Korea’s Kospi (-0.41%), Japan’s Nikkei 225 (-0.32%), and Australia’s S&P/ASX 200 (-0.18%) all experiencing negative movements. Investors are cautious as they assess the impact of China’s inflation on regional economies.

Currency markets remained stable, with the dollar holding steady against the Japanese yen at ¥155.8290. Traders are awaiting more economic signals before making significant moves.

In Europe, stock markets traded higher in anticipation of key economic reports due Tuesday. Investors are focusing on upcoming data on Germany’s inflation, UK’s unemployment rate, and Eurozone economic sentiment. Germany’s DAX, UK’s FTSE 100, France’s CAC 40, and Eurostoxx 50 all saw modest gains, signaling cautious optimism among investors for sustained economic recovery.

The euro and British pound remained steady against the US dollar at $1.07728 and $1.25279, respectively. Currency markets are stable as investors wait for crucial economic reports. Overall, global financial markets show a mixed pattern of declines in Asia due to inflation worries and gains in Europe based on hopes of positive economic data.



Read more at Investing.com: Asian markets dip on Chinese inflation data, European stocks up in premarket on economic optimism By Invezz