Asia shares lower

Shares in Asia were lower on Tuesday, reversing some earlier gains, despite better-than-expected inflation data out of China.

Official figures showed China's core inflation rate up by 1.4% in February. China's new consumer inflation target is about 3%, down from 3.5% in 2014.

The Hang Seng index closed down 0.9% at 23,896.98 after the data also raised deflation fears over factory prices.

On the mainland, the Shanghai Composite ended down 0.5% at 3,286.07.

The producer price index (PPI), which includes wholesale and factory price inflation, showed worsening deflation, declining 4.8% in February.

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