• Asian shares mostly lower on strong China price data

    2 days ago - By Chron

    BANGKOK - Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities to act to cool inflation.
    Japan's benchmark Nikkei 225 index rebounded after falling the day before. Shares declined in Hong Kong, Shanghai, Sydney and Seoul.
    On Thursday, stocks closed moderately higher on Wall Street, lifted by gains in large technology companies that benefit from lower bond yields. But an increase in jobless claims dented some of the buying enthusiasm.
    China reported that consumer prices rose in March due largely to a jump in fuel...
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