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Shares in Asia mixed, Shanghai down marginally at the break after CPI

Published 09/09/2016, 12:37 AM
Updated 09/09/2016, 12:38 AM
© Reuters.  Asian shares mixed
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Investing.com - Shares in Asia were mixed on Friday with initial gains from mild consumer price gains in China ebbing into the lunch break as investors mulled recent data sets that showed China on a more solid footing, including in trade and manufacturing.

The Shanghai Composite was marginally down by 0.02%.

In China CPI figures came in at a rise of 0.1% month-on-month for August, below the 0.3% gain seen, and at a 1.3% pace year-on-year, well under the 1.7% increase expected. PPI figures came in at a decline of 0.8% year-on-year, less than the 0.9% drop seen.

The Nikkei 225 rose 0.15%, while the S&P ASX 200 eased 0.79%.

Before the China figures, Australia reported home loans data for July fell 4.2%, more than the 1.5% fall seen month-on-month, and housing finance up 0.5%, well below a previous gain on 3.2%.

Overnight, U.S. stocks were lower after the close on Thursday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.25%, while the S&P 500 index declined 0.22%, and the NASDAQ Composite index fell 0.46%.

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