Asian markets are mostly negative after higher-than-expected US inflation; China’s CPI slows

Japan (NKY:IND) -0.35%.

China (SHCOMP) +0.23%. Chinese consumer prices rose 0.1% y/y in March 2024, compared to market forecasts of 0.4% and following a 0.7% increase in the previous month.

Hong Kong (HSI) -0.51%.

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

Australia (AS51) -0.40%.

Exports from the Philippines increased fastest rate since October 2022, recording a 15.7% increase in February compared to a year ago.

In the United States, three major averages fell about 1% each on Wednesday, after yet another hotter-than-expected consumer inflation report severely dented expectations for a Federal Reserve interest rate cut to June.

US stock futures are mostly stable on Thursday: Dow +0.00%; S&P500 +0.00%; Nasdaq +0.07%.

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