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Asian stock markets pullback after Chinese inflation

FXstreet.com (Barcelona) - Asian stocks pulled back Thursday, as Chinese data showed higher inflation – indeed, CPI (MoM and YoY) came in at +0.2% (vs. a consensus of +0.1%) and +2.4% (against expectations of +2.3%) respectively in the month of April.

Beginning with the indices and composites, the Shanghai fell -0.59% as it settles in region of 2232.97, down -13.33 points in these moments. In addition, the Nikkei 225 is trading in negative territory, operating at 14191.48, descending -94.21 points or -0.66% at the time of writing. Finally, the Hang Seng Index has climbed lower at the opening, trading in the zone of 23197.10, presently -0.17% after a movement of -39.63 points.

Moving to commodities the prices of gold and silver are trading at USD $1470.20 and $24.04 per oz. respectively. Moreover, the price of crude is operating at USD $96.18/bbl Thursday.

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