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Asian stock indices traded lower due to the weaker-than-expected inflation data from China. The consumer price index in China increased 2.3% in June, missing expectations for a 2.4% rise, after a 2.5% gain in May.
Chinese producer price index fell 1.1% in June, in line with expectations, after a 1.4% drop in May.
These figures show that there is still weakness in the Chinese economy.
Indexes on the close:
Nikkei 225 15,302.65 -11.76 -0.08%
Hang Seng 23,176.07 -365.31 -1.51%
Shanghai Composite 2,038.61 -25.41 -1.23%
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