Asia-Pacific markets mixed

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FE Team | Published: July 22, 2022 22:10:51

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SINGAPORE, July 22 (CNBC): Shares in the Asia-Pacific were mixed on Friday as investors digest Japan's inflation data.
The Nikkei 225 recovered from earlier losses to rise 0.4 per cent and close at 27,914.66 and the Topix index climbed 0.28 per cent to 1,955.97.
Official data released Friday showed that prices in Japan rose 2.2 per cent in June compared to a year ago, in line with analysts' expectations.
"June CPI data shows that cost-push inflation has stabilized, primarily due to a sharp decline in fresh food prices," according to ING's regional head of research, Robert Carnell, and senior economist Min Joo Kang in a Friday note.
Japan's central bank on Thursday kept rates on hold at ultra-low levels, as expected.
South Korea's Kospi was 0.66 per cent lower at 2,393.14, and the Kosdaq fell 0.68 per cent to 789.75.
In Australia, the S&P/ASX 200 was little changed at 6,791.5.
Hong Kong's Hang Seng index rose 0.12 per cent in the final hour of trade, but mainland China markets gave up earlier gains to fall, with the Shanghai Composite slightly lower at 3,269.97.
The Shenzhen Component slipped as much as 1.3 per cent during the session but recovered some losses to close down 0.49 per cent at 12,394.02.
MSCI's broadest index of Asia-Pacific shares outside Japan was about flat.
Overnight in the U.S., the tech-heavy Nasdaq Composite rose 1.36 per cent to close at 12,059.61 as Tesla shares surged.
The S&P 500 gained nearly 1 per cent to end the session at 3,998.95, and the Dow Jones Industrial Average advanced 162.06 points, or 0.51 per cent, to 32,036.90.