Asian stocks sink amid China headwinds; earnings, US CPI awaited

Investing.com-- Most Asian stocks retreated on Monday, with Chinese markets leading declines on middling inflation readings for April, while investors turned cautious ahead of key U.S. inflation data this week.

Regional markets took middling cues from a muted Friday close on Wall Street, while U.S. stock index futures moved little in Asian trade on Monday, with focus squarely on upcoming inflation data that is likely to factor into U.S. interest rates.indexes fell 0.7% and 0.6%, respectively, on Monday. The two were the worst performers in Asia, and also retreated further from seven and eight-month highs hit last week.Sentiment towards China was also battered by reports of more potential U.S.

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