Key Points
- Asia-Pacific stocks largely rose on Thursday.
- China’s consumer price index and producer price index for September were released on Thursday.
- Singapore’s Straits Times index gained 0.24% as of 3:27 p.m. local time, recovering from earlier losses after the country’s central bank unexpectedly tightened monetary policy on Thursday.
SINGAPORE — Asia-Pacific stocks were largely higher in Thursday trade as investors reacted to the release of China’s inflation data for September.
Mainland Chinese stocks closed mildly lower. The Shanghai composite declined 0.1% to 3,558.28 while the Shenzhen component dipped fractionally to around 14,341.38.
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.more here
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