SINGAPORE — Shares in Asia-Pacific were mixed on Friday as Chinese inflation data for May came in largely in line with expectations. Investors also looked ahead to the release of U.S. inflation data later stateside.
Hong Kong’s Hang Seng index slipped 0.29% to close at 21,806.18.
Hong Kong-listed shares of Alibaba turned around, closing 1.35% higher after falling nearly 4% earlier. That was in contrast to U.S.-listed shares of Alibaba, which dropped 8.13% on Thursday after Jack Ma’s Ant Group and Chinese regulators squashed talk of reviving Ant’s public listing.
In mainland China, the Shanghai Composite gained 1.42% to close at 3,284.83 while the Shenzhen component jumped 1.901% to 12,035.15.
Chinese producer inflation in May rose in line with expectations, official data showed Friday. The Chinese producer price index for May jumped 6.4% as compared with a year earlier, according to data by the country’s Bureau of Statistics. That matched expectations in a Reuters poll.
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