Asian shares hesitant on China inflation data, US bank jitters
reversed earlier losses and was up 0.2%. China's onshore yuan moved away from a three-week low to steady at 7.2143 per dollar.dropped 0.4% after a 4.8% plunge a day earlier, as worries persisted about the sector, a major pillar of economic growth.
"I think the Chinese government will have to do more in terms of policy stimulus in order to counter deflation risks."
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