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

0

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

Stock picks and investing trends from CNBC Pro:

Currencies and oil

FOLLOW US ON GOOGLE NEWS

 

Read original article here

Denial of responsibility! Elite News is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Comments
Loading...