Asian equity markets were mostly lower on Thursday after China's annual consumer inflation hit a seven-month low in December.
Chinese consumer inflation slowed to 2.5 percent in December from November's 3 percent figure, coming in below Reuters expectations for a 2.7 percent gain, while producer prices fell 1.4 percent from a year earlier.
"The market seems to have taken the falls [in Chinese inflation] in their stride, although it gives the PBOC room to maneuvered. The major issue and the conundrum authorities face here is how they support inflation without boosting credit supply," said Chris Weston, market strategist at IG in a note.
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