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Asian markets lower after Japanese data

2019-03-22 07:31 am | Resource: NEWS | No Views : 116

The main Asian indexes fell on Friday after Japan announced inflation figures. In addition, the latest report on its industrial activity showed contraction. Meanwhile, there have been reports that US President Donald Trump has insisted on reducing the trade deficit with China as negotiations continue.

Japanese industrial activity fell in March

Japan's manufacturing activity showed a slowdown, according to the IHS Markit on Friday. The Nikkei Japan Flash Index of industrial purchasing managers did not change in March, at 48.9. The report said manufacturing production fell at the fastest pace in nearly three years as new orders fell faster than February.

"There was more struggle for Japanese manufacturers at the end of the first quarter, as the PMI data showed a recent slowdown," said Joe Hayes, economist at IHS Markit. "The slowdown in demand from domestic and international markets has led to a sharp decline in production volumes for almost three years.As the purchase of inputs declines, companies appear to expect more problems in the short term.In fact, concern about China's weak growth and long global trade has kept Frictions business confidence is well below the historical average in March. "

Consumer prices in Japan rose 0.2% in February on an annualized basis

Japan's consumer price index rose 0.2% in February on a year-on-year basis before the seasonal adjustment, according to a statement from the country's statistics office. This figure has not changed compared to the previous month on a seasonally adjusted basis.

Prices of all non-food items rose 0.7% annually in February, or 0.1% from January. Prices of all materials excluding fresh food and energy rose 0.4% in February on a year-on-year basis or 0.1% from the previous month. Commodity prices fell by 0.1% monthly and yearly, while services prices rose by 0.4% in February on an annualized basis and 0.1% on a monthly basis.

Asian stocks trading
  • The Nikkei average fell 0.60% at 4:11 CET.
  • South Korea's Kospi Index fell 0.16% at 3:52 am CET.
  • In China, the Shanghai Composite Index lost 0.93% at 4:11 am CET.
  • The Shenzhen Composite Index traded 1.47% at 4:13 am CET.
  • Meanwhile, Hong Kong's Hang Sang Index fell 0.84% ​​at the same time.
  • In Australia, the S & P / ASX 200 was steady at 4:14 am CET.

The dollar lost only 0.06% against the yen to trade at 110.7445 at 4:14 am.

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