Asian stocks skittish amid mixed China cues; earnings, US CPI awaited
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Asian stocks were skittish due to mixed China cues and anticipation of earnings reports and US CPI data. Chinese stocks were pressured by the prospect of more US trade tariffs, but a rally in Chinese property stocks helped offset bigger losses. Chinese inflation picked up pace in April, signaling some strength in spending, but Chinese inflation shrank for a 19th consecutive month. Hong Kong's index rose 0.5% supported by a rally in property stocks. Broader Asian markets traded lower, with Japan's Nikkei 225 shedding 0.1% and the ASX 200 and South Korea's index falling 0.1% and 0.2% respectively. Major Asian earnings reports are expected this week, including SoftBank Group Corp., Sony Corp., Baidu Inc., and Tencent Holdings Ltd.

#AsianStocks #ChinaCues #Earnings #UsCpi

https://www.investing.com/news/stock-market-news/asian-stocks-skittish-amid-mixed-china-cues-earnings-us-cpi-awaited-3436132