Major stock markets in Asia-Pacific traded mixed on Friday after China revealed that annual inflation in the country rose by a less-than-expected 0.2% in May. Bank of Japan Governor Kazuo Ueda addressed the lawmakers earlier today to warn that corporate price-setting may lead to higher inflation in the country.
South Korea's Kospi Composite jumped 0.95% at 4:51 am CET, while Hong Kong's Hang Seng plunged 0.14%. At the same time, the Shanghai Composite dropped by 0.07% and the Shenzhen Composite decreased by 0.14%. Australia's S&P/ASX 200 advanced 0.40% concurrently. Japan's Nikkei 225 rose 1.61% at 4:35 am CET.
The dollar traded 0.24% higher against the yen, going for 139.2555 at 4:53 am CET.
