Asian shares ended mixed after China released figures showing a jump in inflation for the month of March.
Shanghai’s SSE rose 1.6 percent to 3,034 while Hong Kong’s Hang Seng inched up 0.35 percent to finish at 20,441. Tokyo’s Nikkei 225 slid 0.44 percent to end at 15,751.
China’s consumer prices in March increased by 2.3 percent, the same percentage increase as February, official data from the National Bureau of Statistics showed Monday. An increase in pork and vegetable prices drove much of the growth.
Losers for the day included Matsuya, which lost 1.1 percent to end at 849 yen, and Shiseido, which dropped 2.9 percent to finish at 2,395 yen.
Elsewhere, Hypebeast, a fashion and lifestyle blog company and e-commerce player, made its Hong Kong stock market debut Monday. Its shares spiked in early trade but ultimately they lost 23 percent over the session to end at 1.04 Hong Kong dollars. That closing price is still considerably higher than Hypebeast’s IPO price of 13 Hong Kong cents. It raised 65 million Hong Kong dollars, or $8.4 million from the offer.