Asia-Pacific stocks rise; China’s September inflation data released


SINGAPORE — Asia-Pacific stocks were mostly higher as investors reacted to the release of China’s inflation data for September.

The Shanghai composite in mainland China fell 0.19% while the Shenzhen component climbed 0.13%.

Producer inflation surged in September, official data showed Thursday. The producer price index for September soared 10.7% as compared with a year ago, slightly above expectations in a Reuters poll for a 10.5% increase.

China’s consumer price index also rose 0.7% in September as compared with a year ago. That was slightly below the 0.9% on-year increase as forecast in a Reuters poll.

Markets in Hong Kong are closed on Thursday for a holiday.

Singapore central bank tightens monetary policy

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