Most Asian stock rose due to the increasing consumer price inflation in China. The Chinese consumer price index increased 2.5% in May, after a 1.8% gain in April. Analysts had expected a 2.4% rise.

The Chinese producer price index declined 1.4% in May, after a 2.0% decrease in April. Analysts had expected a 1.5% fall.

Japan’s preliminary machine tool orders decreased to 24.1% in May from 48.7% in April. April’s figure was revised down from 48.8%.

Japanese tertiary industry activity index dropped to -5.4% in April from 2.4% in March. Analysts had expected the index to fall -3.3%.

Indexes on the close:

Nikkei 225                         14,994.80                 -129.20            -0.85%

Hang Seng                         23,315.74                 +198.27           +0.86%

Shanghai Composite          2,052.53                   +22.03            +1.08%

LG Innotek Co., a supplier of camera modules for smartphones, rose 7.6%.

LG Display Co., a supplier of panels for Apple Inc., climbed 6.4%.