Asian markets mostly fall mirroring Wall Street selloff; China exits deflation territory

Japan (NKY:IND) -2.86%. Japan’s economy avoided recession as strong capex boosted Q4 GDP, which was revised up to a slight expansion. China (SHCOMP) +0.08%. China’s consumer prices rose for the first time in six months to 0.7% Y/Y in February, above consensus. Producer prices dropped 2.7% Y/Y, remaining negative for the 17th consecutive month. Hong Kong (HSI) +1.28%. India (SENSEX) -0.35%. Investors await India’s February inflation readings and industrial output for January on Tuesday. Australia (AS51) -1.81%. In the U.S. on Friday, all three major indexes ended a volatile session lower as the chip stocks’ rally lost steam and traders…