News Snapshot:
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade as investors watched for market reaction to the release of a slightly hotter-than-expected U.S. inflation report. New Zealand also hiked its rate by 50 basis points, its biggest increase in more than 20 years. Chinese stocks traded in negative territory ahead of the release of its trade data for March, as concerns around the mainland’s Covid situation continue to weigh on investor sentiment. The Shanghai composite slipped 0.7% while the Shenzhen component traded 0.91% lower. Hong Kong’s Hang Seng index also declined 0.48%. The Nikkei 225 in Japan climbed...
