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Asia-Pacific stocks rise; China’s September inflation data released


SINGAPORE — Asia-Pacific stocks were mostly higher as investors reacted to the release of China’s inflation data for September.

The Shanghai compositeChina mainland saw a drop of 0.1%, while Shenzhen componentThe increase was 0.13%

Official data on Thursday showed that producer inflation rose in September. Producer price inflation rose slightly in September compared to a previous year, which was just above the 10.5% expected by Reuters.

China’s Consumer Price Index also increased 0.7% in September compared to a year earlier. It was slightly less than the 0.9% annual increase forecasted in a Reuters survey.

On Thursday, Hong Kong’s markets are closed for holidays.

Singapore’s central bank tightens its monetary policy

Singapore’s Straits Times indexAfter the country’s election, it fell by 0.31% central bank unexpectedly tightened monetary policy on Thursday

On Thursday, official advance estimates showed that Singapore’s economy expanded 6.5% in the third quarter 2021. This was in keeping with the expectations of economists who surveyed Reuters and expected a 6.6% increase in third-quarter growth.

And elsewhere, Nikkei 225Japan saw an increase of 0.93% and the Topix index was 0.2% higher. South Korea KospiIncreased by 1.25%

Australia is home to the S&P/ASX 200The increase was 0.67%

The MSCI’s largest index of Asia-Pacific shares, outside Japan, traded 0.4% lower.

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Oil and currencies

The U.S. dollar indexThe indices that track the greenback and a basket with its peers were at 94.04, after having fallen from above 94.4.

The Japanese yenThe dollar traded at 113.45 dollars, which is lower than the 112.5 levels seen earlier in this week. The Australian dollarChanged hands at $0.7375, higher than levels of $0.735 yesterday.

The morning Asia trading hour saw oil prices rise, in line with the international benchmark. Brent crude futuresBarrel price increases by 0.17% up to $83.32 U.S. crude futuresBarrel price increased 0.12% to $80.54