Asian Markets Show Mixed Reactions to Economic Reports

Investors in the Asia-Pacific region had a lot to consider as they assessed the latest economic data. Japan's trade deficit on the balance of payments (BOP) basis and a report showing a 0.7% decline in China's annual inflation were the key factors influencing the markets.

Market Movements Across the Region

Japan's Nikkei 225 saw a modest gain of 0.40%, while Hong Kong's Hang Seng experienced a significant drop of 1.74%. South Korea's Kospi, on the other hand, climbed by 0.26%. In mainland China, the Shanghai Composite and the Shenzhen Composite both saw declines. Australia's S&P/ASX 200 ended the day slightly higher.

Currency Movements

The dollar decreased by 0.20% against the yen, reflecting the complex interplay of economic indicators across the region.