Asia-Pacific stocks mixed as data shows China’s exports rose more than expected
- Asia-Pacific stocks were mixed on Wednesday.
- U.S. consumer prices rose 8.5% in March as compared with a year ago, the fastest annual gain since December 1981, according to official data released Tuesday.
- The Reserve Bank of New Zealand on Wednesday announced its decision to raise the official cash rate by 50 basis points to 1.5%.
- Mainland Chinese stocks were mixed ahead of the release of dollar-denominated China trade data for March, as concerns around the mainland’s Covid situation continue to weigh on investor sentiment.