Asia-Pacific markets Live Updates: Japan CPI, Singapore GDP

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Asia-Pacific markets Live Updates: Japan CPI, Singapore GDP

The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

Asia-Pacific markets mostly rose Friday, tracking a rally on Wall Street that saw the S&P log gains for a fourth straight day.

Investors in Asia

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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 0.79% while the broad-based Topix rose 0.53%.

Elsewhere, Australia’s S&P/ASX 200 eked out gains of 0.79%.

South Korean blue-chip Kospi index rose over 1% while small-cap Kosdaq gained 0.75%.

Hong Kong’s Hang Seng index gained 0.33%, while mainland China’s CSI 300 fell 0.14%.

Singapore third-quarter GDP expanded 5.4% from a year ago, notably outpacing the revised 3.0% in the prior quarter. On a quarter-on-quarter basis, the economy grew by 3.2%, accelerating from the 0.5% in the second quarter,

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The Ministry also raised its projection of this year’s economic growth “around 3.5%,” from “2.0 to 3.0%”

Overnight stateside, the three major indexes rose, on track to close the week higher.

The Dow Jones Industrial Average climbed 462 points, or 1.06%, to finish at 43,270.35, while the S&P 500 gained 0.53% to close at 5,948.71. The tech-heavy Nasdaq Composite edged up 0.03% to end at 18,972.42.

Crude oil prices rose more than 2% after ****** confirmed that Russia had fired a hypersonic intermediate-range ballistic missile into Ukraine and warned that more could follow, the latest in a series of escalations.

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#AsiaPacific #markets #Live #Updates #Japan #CPI #Singapore #GDP

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