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Most Asian stock closed lower after the inflation data from China. Chinese consumer price index climbed 2% from a year earlier in August, missing forecasts for a 2.2% rise, after a 2.3% gain in July. The government's annual target is 3.5%.
Chinese producer price index dropped 1.2% in August, missing expectations for a 1.1% decline, after 0.9% fall in July.
Japanese stocks were driven by the weaker yen. The yen declined to 6-year low against the U.S. dollar as the Bank of Japan (BoJ) Governor Haruhiko Kuroda said to the Japan's Prime Minister Shinzo Abe that the central bank is ready to expand monetary easing measures to reach 2 percent inflation target.
The BSI manufacturing index for Japan climbed to a seasonally adjusted annual rate of 12.7 in the third quarter from a decline of 13.9% in the previous quarter. Analysts had expected the index to increase to -10.3.
Indexes on the close:
Nikkei 225 15,909.2 +120.42 +0.76%
Hang Seng 24,662.64 -42.72 -0.17%
Shanghai Composite 2,311.68 -6.63 -0.29%
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