MarketWatch | Asian Markets at Close Report January 09, 2014: Asia stocks mixed, with Japan, Hong Kong lower.

By Daniel Inman Asian stocks traded mixed Thursday, as Japan gave away much of its gains from the previous session while Chinese inflation data kept Hong Kong sentiment in check. Reuters Enlarge Image The trading hall of the Hong Kong Stock Exchange. The U.S. dollar USDJPY +0.07% was trading below the ¥105 mark, the level that helped propel the Nikkei Average JP:NIK -1.50% above 16,000 on Wednesday. The benchmark index gave up most of those gains Thursday, falling 1.6% to 15,870.37. The dollar was at ¥104.86, steady with ¥104.87 late Wednesday after spiking to ¥105.12 intraday. The main economic event in Asia on Thursday was Chinese inflation data for December. The consumer price index rose 2.5% on year, meeting expectations of 13 economists polled by The Wall Street Journal, and easing from a 3% gain in November. Signs of a cooling economy weighed on Hong Kong’s Hang Seng Index HK:HSI -0.91% , which lost 0.1%, though the Shanghai Composite CN:SHCOMP