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Asian shares mostly lower on strong China price data

China Japan Hong Kong city Bangkok city Seoul city Shanghai pandemic economy
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BANGKOK – Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities to act to cool inflation.

Japan’s benchmark Nikkei 225 index rebounded after falling the day before. Shares declined in Hong Kong, Shanghai, Sydney and Seoul.

On Thursday, stocks closed moderately higher on Wall Street, lifted by gains in large technology companies that benefit from lower bond yields.

But an increase in jobless claims dented some of the buying enthusiasm. China reported that consumer prices rose in March due largely to a jump in fuel prices, while producer prices climbed at the fastest pace in more than four years.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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