Asian markets conclude Tuesday’s trade mostly in green

The Asian markets concluded Tuesday’s trade mostly in green, after Chinese inflation quickened to the fastest pace in four months amid optimism that country's policy makers will act to counter the nation’s economic slowdown. The People’s Bank of China announced a cut in reserve requirements for some banks, with leaders in Asia’s largest economy seeking to bolster domestic demand amid slowing growth. China's consumer prices rose by 2.5% in May from a year earlier after expanding 1.8% in the previous month. The government has set a full-year target of 3.5% inflation, which leaves room for more monetary easing. Chinese PPI rose to an annual rate of -1.4%, from -2.0% in the preceding month.

Japan’s M2 Money Stock fell to a seasonally adjusted 3.3%, from 3.5% in the preceding month whose figure was revised up from 3.4%. Japanese tertiary industry activity index fell to a seasonally adjusted -5.4%, from 2.4% in the preceding month. Philippines' Industrial Production rose to a seasonally adjusted annual rate of 12.8%, from -1.1% in the preceding month.