Dubai-Mubasher: Asian stocks closed Wednesday in the negative territory, while Shanghai bucked the downtrend as producer price index declined and China's inflation rose marginally in November.
China’s consumer inflation picked up last month, boosted by price gains for food and services, signaling demand in the world’s second-largest economy is stabilizing after accelerated fiscal stimulus and a year of interest-rate cuts.
Shanghai Composite Index rose 0.06% to 3,472 points, while Hang Seng moved 0.46% lower.
India's SENSEX Index shed 0.46%, and Singapore index slid 0.35%. Asia Dow index dropped 0.63%, and Nikkei hits its lowest in more than one month.
