In Asia on Tuesday, markets were mixed, giving up earlier gains despite slightly better-than-expected China data that showed fixed-asset investment growth in August holding steady at 8.1 percent on-year, August industrial output rising 6.3 percent on-year and retail sales increasing by 10.6 percent on-year.
Despite the positive China data, oil prices dipped sharply on concerns over increased drilling activity in the U.S., which could add to the supply glut. Oil and gas stocks were broadly lower.
Investors were also focused on euro zone data which showed German August harmonized inflation fell 0.1 percent month-on-month, but was up 0.3 percent year-on-year. Meanwhile, U.K. consumer prices were up 03 percent month-on-month in August, according to the Office for National Statistics (ONS).
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