Mixed Results in Asia-Pacific Markets Amid Easing Inflation

📊 Asia-Pacific markets are trading mixed after the U.S. posted more data that showed inflation was easing.

 📉 In mainland China, the Shanghai Composite fell 1.12%, and the Shenzhen Component lost 1.23%.

 📈 Japan's Nikkei 225 rose 0.9%, closing at 29,388.3.

 💰 Japanese companies are expected to mark the biggest wage hikes in 31 years with average wages to rise by 3.89% in 2023.

 📊 The producer price index for April posted a year-on-year increase of 0.2%.

 📉 Overnight in the U.S., stocks ended mixed, with the Dow Jones Industrial Average and S&P 500 slipping 0.66% and 0.17% respectively.

 🇭🇰 Hong Kong's Hang Seng index also fell 0.7% ahead of its first-quarter GDP figures.

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