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Asia-Pacific markets mixed as China stocks set new 6-year low; yen strengthens to 9-month high

Asia-Pacific markets were mixed Friday, as mainland Chinese markets set a new six year low and Australian markets neared an all time high. In Asia, investors will react to August inflation figures out from India late Thursday, which showed that the consumer price index rose 3.65% year on year, rising from a five-year low. This was above July's revised figure of 3.6% and also beat expectations of 3.5% from economists polled by Reuters.

Mainland China's CSI 300 slipped 0.15%, hitting its lowest level since January 2019. In contrast, Australia's S&P/ASX 200 gained 0.3% and closed at 8,099.9. During the session, the index crossed its all-time closing high of 8,114.7 briefly, before giving up its gains. South Korea's Kospi rose 0.13%, ending at 2,575.41 while the small-cap Kosdaq finished 0.3% higher at 733.2. Shares of chip heavyweight Samsung Electronics slipped almost 3% as workers in its India plant reportedly went on strike for a fifth consecutive day. Japan's Nikkei 225 fell 0.68% to 36,581.76, while the broad-based Topix dropped 0.86% and closed at 2,571.14.

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