Asian-Pacific markets headed down Tuesday after China's price indexes raised deflation concerns and traders worried about the possibility of the Federal Reserve raising interest rates sooner than they expected. Japan's Nikkei 225 fell 1.8%. Hong Kong's Hang Seng Index dropped 1.2%. Australia's S&P/ASX 200 lost 0.5%. China's Shanghai Composite gave up 0.4%. South Korea's Kospi declined 0.1%. India's Sensex was down 0.1%.
Most Asian-Pacific markets fell Wednesday as Wall Street posted its fourth consecutive session of losses. Japan's Nikkei 225 dropped 0.8%. Hong Kong's Hang Seng Index grew 0.1%. Australia's S&P/ASX 200 rose 0.8%. China's Shanghai Composite gave up 0.4%. South Korea's Kospi slid 0.5%. India's Sensex was down 0.2%.
Finance ministers and central bankers from the Group of Seven nations held an "extensive discussion on banking regulation," said Mario Draghi, president of the European Central Bank. The discussions included how to ensure that troubled financial institutions could be shut down without risking the stability of the financial system.
KraneShares filed a registration statement for three exchange-traded funds focused on narrowly defined segments of the Chinese economy. KraneShares CSI China Consumer ETF is set to track the CSI Overseas China Consumer Index. KraneShares CSI China Internet ETF is expected to be linked to the CSI Overseas China Internet & Communication Index. The KraneShares CSI China Government Bond ETF will draw its investments from the CSI Offshore RMB China Government Bond 10 Index.
India's consumer inflation fell below double digits at 9.39% in April, down from 10.39% in March. It was the second straight month of decline, easing fears over a key troublesome factor. However, India's April trade deficit grew more than 70% from March.