Asia mixed, China producer inflation jumps to fastest since 2008

Asian Market 1
Asian equities were a mixed picture, as traders digest China’s February inflation data and track crude oil prices.

China’s producer price index (PPI) jumped more than expected by 7.8 percent in February from the previous year, the fastest pace since Sept. 2008. In contrast, consumer prices slowed, to 0.8 percent year-on-year, its slowest pace since January 2015.

The Shanghai composite was down 0.7 percent and the Shenzhen composite fell 0.59 percent. Hong Kong’s Hang Seng plunged 0.96 percent.

Japan’s Nikkei 225 was up 0.1 percent, slipping from earlier increases.

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