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%.