Asia stocks mostly lower, but Japan rallies

Posted by Forexsq 596 days ago (http://www.marketwatch.com)
img Asia stocks mostly declined Friday after a sizeable increase in Chinese inflation, but Japanese shares advanced on the back of fresh losses for the yen.

Japan’s Nikkei Stock Average JP:100000018 +1.40% jumped 1.4%, with the move bringing year-to-date gains for the index to 3.9%.

But elsewhere, “sentiment swiftly turned negative on the back of the China [consumer inflation] numbers,” said Stan Shamu, strategist at IG Markets.

Chinese consumer prices rose by 2.5% in December, slightly exceeding consensus economist estimates and representing a seven-month high for the data series

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