Major stock indexes in the Asia-Pacific region traded mostly higher on Wednesday following the release of the inflation figure in China which increased by 0.2% year-on-year in June, standing less than estimated and dropping from May's print. In June, the largest economy in the region experienced a 0.8% year-on-year decline in producer prices, while Japan saw a 2.9% increase for the same month.
In mainland China, the Shanghai Composite traded 0.40% lower at 7:16 am CET, while the Shenzhen Composite went 0.07% up at the same time.
Japan's Nikkei 225 gained 0.38% at 7:16 am CET. Hong Kong's Hang Seng increased 0.19% and South Korea's Kospi jumped 0.12% at the same time. Australia's S&P/ASX 200 lost 0.18%.
The dollar traded 0.11% higher than the yen at 7:15 am CET, selling for 161.4965.
