The Chinese economy released the annualized consumer price index reading for the year ended January, which released with an actual reading 4.9%, came higher than a previous 4.6% a year earlier, while the market's expectations estimated of 5.4%.

Also the PPI (YoY) increased 6.6% during the year ended January, compared with a previous reading 5.9% a year earlier, and the actual reading came better than analysts' forecasts that referred to 6.2%.