(Bloomberg) — Stocks in Asia were mostly lower as a rally in China cooled and focus shifted to a slew of growth and inflation data this week. The New Zealand dollar fell after the nation’s central bank said inflation expectations have declined.
Most Read from Bloomberg
The currency slipped 0.9% after the Reserve Bank of New Zealand said the risks to the inflation outlook have become more balanced, citing how most measures of price expectations have fallen. It held policy rates as expected by economists.
Shares in Hong Kong fell, with expectations on the city’s budget spurring notable moves in some sectors. Chinese equities fluctuated as a recent rally took gauges to resistance levels, with traders looking to this week’s manufacturing report and a key political meeting in Beijing next week for momentum.
“Mixed and hesitant are good words to describe markets today,” said Matt Simpson, a senior market strategist at City Index….
