Asian stocks fell ahead of China inflation data, with the regional benchmark index headed for a two-month low, as the cheapest iron-ore prices on record weighed on commodity producers.

The MSCI Asia Pacific Index fell 0.4 percent to 130.14 as of 9:01 a.m. in Tokyo, poised for the lowest close since Oct. 6. The gauge extended its 2015 drop to 5.6 percent as oil lingered near its lowest level since 2009 and the decline in iron ore compounded concerns about slowing growth in China. Data Wednesday is projected to show a 45th monthly slide in Chinese producer prices after evidence of ongoing weakness in Chinese trade weighed on global shares Tuesday.

Source: Bloomberg