Investing.com – Asian stock markets were mixed on Tuesday, as market sentiment was boosted by lower-than-expected Chinese inflation data, while Japanese exporters advanced as the yen weakened.
During late Asian trade, Hong Kong's Hang Seng Index slumped 0.88%, South Korea's Kospi Composite shed 0.2%, while Japan’s Nikkei 225 Index climbed 0.2%.
Earlier in the day, official data showed that China’s consumer price index rose less-than-expected in January.
Elsewhere, the Bank of Japan kept its benchmark interest rate and the size of its asset-buying fund unchanged in February, broadly in line with expectations.
Meanwhile, shares in many of the big name Japanese exporters advanced as the yen weakened further against the U.S. dollar, boosting the outlook for export earnings.
Shares in consumer electronics manufacturer Toshiba added 0.87%, while shares in Honda, which gets approximately 60% of its revenue abroad jumped 1.24%.
The outlook for European equity markets, meanwhile, was downbeat. The EURO STOXX 50 futures pointed to a loss of 0.43%, France’s CAC 40 futures indicated a drop of 0.21%, the FTSE 100 futures pointed to a decline of 0.27%, while Germany's DAX futures were down 0.12%.
Later in the day, the ZEW Centre for Economic Research was to publish a report on German economic sentiment, while the U.S. was to publish government data on retail sales as well as a report on manufacturing activity in New York.
During late Asian trade, Hong Kong's Hang Seng Index slumped 0.88%, South Korea's Kospi Composite shed 0.2%, while Japan’s Nikkei 225 Index climbed 0.2%.
Earlier in the day, official data showed that China’s consumer price index rose less-than-expected in January.
Elsewhere, the Bank of Japan kept its benchmark interest rate and the size of its asset-buying fund unchanged in February, broadly in line with expectations.
Meanwhile, shares in many of the big name Japanese exporters advanced as the yen weakened further against the U.S. dollar, boosting the outlook for export earnings.
Shares in consumer electronics manufacturer Toshiba added 0.87%, while shares in Honda, which gets approximately 60% of its revenue abroad jumped 1.24%.
The outlook for European equity markets, meanwhile, was downbeat. The EURO STOXX 50 futures pointed to a loss of 0.43%, France’s CAC 40 futures indicated a drop of 0.21%, the FTSE 100 futures pointed to a decline of 0.27%, while Germany's DAX futures were down 0.12%.
Later in the day, the ZEW Centre for Economic Research was to publish a report on German economic sentiment, while the U.S. was to publish government data on retail sales as well as a report on manufacturing activity in New York.