China's blue-chip CSI300 Index and the Shanghai Composite Index fell by 0.1%, while the Hang Seng Index in Hong Kong and the China Enterprises Index rose by 0.8% each. The consumer price growth in March was at its slowest since September 2021, indicating weak demand for consumption, and potential for further policy stimulus. The producer deflation, which extended price declines for a sixth straight month, further added disinflationary pressure. Analysts say that this indicates the world's second-largest economy is going through a disinflation process. Pinpoint Asset Management's president, Zhiwei Zhang, says that economic recovery is on track but not sufficient enough to push up prices. Policy support from Beijing can strengthen the economy, as suggested by analysts at Nomura. Zyuan Ventures' founder, Gary Rieschel, adds that China will likely see a certain amount of volatility in the market, given that officials still need to manage deleveraging and speculation, which are some of the biggest risks.