In Asian markets today, China’s Shanghai Composite rose 0.9 per cent, Hong Kong’s Hang Seng gained 0.7 per cent, South Korea’s Kospi advanced 0.3 per cent, and Singapore’s Strait Times added 0.1 per cent. On the other hand, Japan’s Nikkei 225 lost 0.3 per cent, while markets in Taiwan remained closed for a holiday.
On the economic front, Japan’s consumer price index (CPI) rose 2.1 per cent year on year in September, up from 1.9 per cent in August. This marked the first time in nine months that inflation had exceeded the Bank of Japan’s two per cent target.
In European markets, Germany’s DAX dropped 0.9 per cent, while London’s FTSE 100 lost 0.6 per cent, when reports last came in.
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