Asia markets mostly negative after hotter-than-expected U.S. inflation; China CPI slows

Japan (NKY:IND) -0.35%.

China (SHCOMP) +0.23%. China’s consumer prices edged up 0.1% Y/Y in March 2024, compared with market forecasts of 0.4% and after a 0.7% rise in the previous month.

Hong Kong (HSI) -0.51%.

India (SENSEX) Closed for Eid-Ul-Fitr.

Australia (AS51) -0.40%.

Exports from the Philippines climbed at their fastest rate since October 2022, posting a 15.7% gain in February from a year ago.

In the U.S. on Wednesday, three major averages shed about 1% each, after yet another hotter-than-anticipated consumer inflation report severely dented expectations for a Federal Reserve interest rate cut in June.

U.S. stock futures mostly flat on Thursday : Dow +0.00%; S&P 500 +0.00%; Nasdaq +0.07%.

Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).