Asian
stocks fell, ahead of Chinese data on inflation and factory prices, as
Japanese shares retreated amid a slump in machine orders. Energy
producers climbed as U.S. oil topped $40 a barrel.
The
MSCI Asia Pacific Index dropped 0.4 percent to 125.83 as of 9:08 a.m.
in Tokyo. Global stocks fell last week amid concern over the potency of
central bank stimulus efforts and a selloff in Japanese equities. Focus
now turns to Monday’s data from China and first-quarter earnings in the
U.S.
South
Korea’s Kospi index slipped 0.1 percent. Australia’s S&P/ASX 200
Index was little changed and New Zealand’s S&P/NZX 50 Index added
less than 0.1 percent.
Futures
on Hong Kong’s Hang Seng Index were down 0.2 percent and contracts on
the Hang Seng China Enterprises Index dropped 0.3 percent. FTSE China
A50 Index futures rose 0.1 percent in most recent trading. China is due
to report data on consumer and producer prices.
Source: Bloomberg 
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