Asia-Pacific markets jump as investors assess Japan inflation data
Asia-Pacific markets jumped on Friday, tracking a rally on Wall Street, with the S&P logging gains for a fourth straight day.
Investors in Asia assessed Japan’s October consumer price index data. The core inflation, excluding volatile fresh food prices, rose 2.3% from a year ago, slightly above the estimated 2.2%, according to analysts polled by Reuters. That’s cooler than 2.4% in the previous month.
The overall CPI came in at 2.3%, versus 2.5% in September.
Japan’s Nikkei 225 jumped 0.54% while the broad-based Topix rose 0.51%.
Australia’s S&P/ASX 200 started the day 0.71% higher.
In South Korea, the Kospi added 0.67% while Kosdaq gained 0.47%.
Hong Kong’s Hang Seng index futures were flat compared with the index’s last close of 19,601.11.
Singapore is also set to release its third-quarter GDP data, with growth anticipated to accelerate to 4.6% year on year from 4.1% in the prior quarter, according to LSEG data.
Source: CNBC
