HONG KONG (May 10): Asian stocks slipped to two-month lows on Monday as weak oil prices weighed on sentiment while the dollar got a lift against its peers as the differences in policy directions between the world's top central banks became starker.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2%, its lowest since Mar 11. Hong Kong and Chinese stocks led regional markets lower.

China's April consumer inflation and producer price data painted a mixed picture of deflationary pressures in the world's second largest economy.

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