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Homeasia marketsJapan's Nikkei underperforms Asian peers on strong yen

Japan’s Nikkei underperforms Asian peers on strong yen

Asian shares were mixed on Friday with Japan's benchmark index falling to a one-week low while the rest of the region gained on the back of subdued Chinese inflation data.

Chinese consumer inflation rose an annual 2.5 percent last month, but remained at a seven-month low, while producer prices fell for the 23rd straight month.

"This data out of China, to an extent, hit a sweet spot. Firstly, it shows price growth is tracking at a steady pace while at the same time subdued enough to leave the PBOC capacity to act if needed," said Stan Shamu, market strategist at IG.

For the week, the Shanghai Composite and Australia's were the region's top performers with gains exceeding 3 percent each while the underperformed with a 1 percent loss.

Nikkei tumbles 1.5%

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