Asia-Pacific stocks were mostly higher in response to investors’ disclosure of China’s inflation data for Singapore-September.
The mainland Shanghai composite rose 0.19% and the Shenzhen component rose 0.13%.
Producer inflation rose in September, official data showed Thursday. The September producer price index rose 10.7% from a year earlier, slightly higher than expectations of a 10.5% rise in a Reuters poll.
China’s consumer price index also rose 0.7% in September from a year earlier. It was slightly below 0.9% annual growth, according to a Reuters survey forecast.
The Hong Kong market is closed on Thursdays for the holidays.
Singapore’s central bank has tightened monetary policy
Singapore’s Straits Times index fell 0.31% on Thursday after the country’s central bank unexpectedly tightened monetary policy.
Official advance estimates on Thursday also showed that Singapore’s economy grew 6.5% per year in the third quarter of 2021. This was largely in line with the expectations of economists in a Reuters survey who expected a 6.6% expansion per year for the third quarter.
Elsewhere, Japan’s Nikkei 225 is up 0.93% and the Topix index is up 0.28%. South Korea’s Kospi gained 1.25%.
In Australia, the S&P / ASX 200 rose 0.67%.
Outside of Japan, MSCI’s Asia-Pacific stock index traded up 0.4%.
Coins and oil
The US dollar index, which tracks the greenback against a basket of its peers, was at 94.04 after recently falling above 94.4.
The Japanese yen traded at 113.45 per dollar, weaker than the 112.5 level seen against the greenback earlier this week. The Australian dollar changed hands at 73 0.7375, down from 7 0.735 seen yesterday.
Oil prices were higher in the morning during Asian trade, with international benchmark Brent crude futures rising 0.17% to .3 83.32 a barrel. US crude futures rose 0.12% to .5 80.54 a barrel.