Asian currencies, stocks edge higher despite weak China inflation

ASIAN currencies and equities edged higher on Wednesday after investors priced in the effects of China's consumer prices falling in July, which made it the first G20 economy to enter deflation territory since Japan in 2021.

The Chinese yuan strengthened 0.2% as major state-owned banks were seen selling dollars to slow the pace of the yuan's decline, while stocks slipped 0.5%.