China permitted more companies to open investment management operations, however the companies remained cautious. April consumer price inflation in China is expected to be near 8%, lower than in March and February. Angang Steel jumped 4% on the reports that Arcelor Mittal and Angang are in discussions to explore merger or stake sale. Retailer Maoye International fell below its offering price of HK$3.10 on its first day of trading.
In Indonesia JSE Index edged increased 45.23 or 1.93% to 2,387.99. Sensex index in India decreased 109.22 or 0.62% to 17,490.90. Market in Japan, South Korea and Thailand were closed today.
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