Hong Kong stocks fall more than 2%, leading losses in the wider Asia-Pacific markets fell as investors digest China's inflation and trade data for September.
China's consumer price index for September came in flat, lower than a 0.2% climb which analysts polled by Reuters expected. China also reported a 2.5% decline for its producer price index, compared to Reuters' estimates of a 2.4% drop.
Hong Kong's Hang Seng index traded 2.45% lower in its final hour of trade. China's benchmark CSI 300 fell 1.05%, closing at 3,663.41.
In Japan, the Nikkei 225 slipped 0.55% to close at 32,315.99 and South Korea's Kospi fell 0.95% to end at 2,456.15.
The S&P/ASX 200 in Australia traded 0.56% lower to close at 7,051.
Overnight in the U.S., all three major indexes closed lower following stronger than expected U.S. inflation data. The Dow Jones Industrial Average slipped 0.51%, or 173.73 points, to close at 33,631.14. The S&P 500 declined by 0.62%, ending at 4,349.61. The Nasdaq Composite lost 0.63%, closing at 13,574.22.Â
U.S. consumer price index released Thursday increased 0.4% on the month and 3.7% from a year ago in September. The data follows a stronger-than-expected producer price index reading for September.
— CNBC's Pia Singh and Hakyung Kim contributed to this report