Stocks in Asia gain as China inflation data meets expectations; Nikkei up 0.6%, ASX advances 0.7%

Most Asian indexes were in positive territory in Monday trade as Chinese inflation data for June met market expectations.

The Nikkei 225 advanced 0.59 percent and South Korea’s benchmark Kospi index edged up 0.01 percent.

The S&P/ASX 200 gained 0.67 percent, led by gains in the financials and information technology sub-indexes.

Markets in greater China were mixed. The Hang Seng Index was up 0.48 percent, but markets on the mainland traded lower. The Shanghai Composite was off by 0.17 percent and the Shenzhen Composite slid 0.231 percent.

Japan core machinery orders in May dropped 3.6 percent on month, falling below the 1.7 percent rise forecast in a Reuters survey.

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Posted in: Indian Market Tips