Subodh Kumar, Chief Investment Strategist at Subodh Kumar & Associates on speaking to CNBC-TV18 opined that the major Asian Central Banks from India, from China and even today from Australia have indicated that inflation remains of concern for all of them

Excerpts from CNBC-TV18's exclusive interview with Subodh Kumar:

Q: How Asia this morning is really on a trajectory of its own not really following the overnight Wall Street cues?

A: I think that when it comes to Asia it is reacting to the overnight news in the sense that the earnings for some of the Japanese auto companies have been weak, some of the financials in the US are reporting more write downs and I think Asia specifically also has inflation issues.

I am still looking for a low in the markets to be set in the second quarter and to get recovery from that. But I think the move up in the markets from March to now, has been too fast. So I think there has been some backing and filling going on in the markets here.

Q: Do you expect inflationary pressure to be higher in Asia and what sort inflation numbers are you expecting from China on Monday?

A: I don’t have any specific numbers, but I understand that the producers numbers in China are running at 3-year highs and the major Asian Central Banks from India, from China and even today from Australia have indicated that inflation remains of concern for all of them.