Asia mixed as data-packed week kicks off
Stock exchanges in the Asia-Pacific region were mixed on Monday as investors braced for a week of key data releases around the world, including industrial production and retail sales in China and the United States inflation report. Over the weekend, China's National Bureau of Statistics revealed that the annual inflation rate in the country stood at 0.1% in August.
At 4:05 am CET, the Shanghai Composite added 0.30% and the Shenzhen Composite gained 0.13%. Japan's Nikkei 225 and Australian S&P/ASX 200 were flat, while South Korea's Kospi rose 0.26%. Hong Kong's Hang Seng plunged 1.55%, with Alibaba Group Holding Limited falling nearly 4% following the news that its outgoing Chairman Daniel Zhang will also resign as the chief executive of the company's cloud business unit.
The American currency weakened against the yen, falling by 0.73% to sell at 146.75200 a minute later.