Asia trades mixed; Shanghai slips; Nikkei up 1.5% – CNBC

Asia markets were mixed on Thursday, as traders digested another round of Chinese data, as well as interest rate decisions from central banks in New Zealand and South Korea.

The Japanese Nikkei 225 closed up 210.15 points, or 1.26 percent, at 16,852.35. South Korea’s Kospi added 16.38 points, or 0.84 percent, to 1,969.33, while Down Under, the S&P/ASX 200 finished 7.11 points, or 0.14 percent, lower at 5,150.07. Hong Kong’s Hang Seng index finished near flat at 19,984.42.

Chinese markets slipped, with the Shanghai composite dropping 58.20 points, or 2.03 percent, to 2,804.35. The smaller Shenzhen composite was lower by 24.47 points, or 1.42 percent, to 1,688.97.

Government data released earlier in the day showed consumer prices in the mainland accelerated to a six-month high in February, as seasonal distortions caused food prices to spike.

Consumer price inflation rose 2.3 percent from a year earlier, faster than January’s 1.8 percent rise and well above Reuters’ expectations for a 1.9 percent rise. February’s expansion was the fastest annual pace of growth since July 2014, Reuters said.

Asia trades mixed; Shanghai slips; Nikkei up 1.5% – CNBC}

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