Asian equities finished in negative territory on Thursday after China's inflation data painted a mixed picture.
China's producer price index (PPI) jumped more than expected by 7.8 percent in February from the previous year, the fastest pace since Sept. 2008. In contrast, consumer prices slowed from a year ago, to 0.8 percent, its slowest pace since Jan. 2015.
The Shanghai composite closed down 0.74 percent or 24 points at 3,216.58 and the Shenzhen composite fell 0.73 percent or 14.7 points to finish at 2,009.55. Hong Kong's Hang Seng plunged 1.18 percent by 3:00 pm HK/SIN.
Japan's Nikkei 225 finished up 0.34 percent or 64.5 points at 19,318.58 as the weaker yen spurred buying.
The benchmark ASX 200 closed down 0.32 percent or 18.5 points at 5,741.2. The index was weighed heavily by a 1.13 percent drop in its energy sub-index and a 2.62 percent decline in its materials sub-index.
Crude benchmarks plunged more than 5 percent during U.S. hours on Wednesday after data showed that U.S. crude inventories surged to a record high, up 8.2 million barrels last week compared with the consensus expectation for 2 million barrels.