Asian markets trading mostly lower as inflation worries linger

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Asian markets trading mostly lower as inflation worries linger
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Shares were mostly lower in Asia in narrow trading after they barely budged on Wall Street following a mixed batch of earnings reports from big U.S. companies.

Japan reported that its trade deficit narrowed in March as exports rose more than expected, helped by a nearly 40% increase in the value of vehicle exports.... Japan reported that its trade deficit narrowed in March as exports rose more than expected, helped by a nearly 40% increase in the value of vehicle exports. But exports to China fell, reflecting the slow pace of the recovery from pandemic disruptions. Growth in imports also slowed.In Hong Kong, the Hang Seng index HSI gained 0.2%.

In the bond market, yields climbed after a report showed U.K. inflation remained above 10% for a seventh straight month.

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