Stock Groups

Data shows U.S. consumer inflation surged in October


SINGAPORE — Asia-Pacific stocks were mixed in Thursday trade after data released overnight showed U.S. consumer inflation spiked in October

As the regional’s largest markets, the Australian stock market suffered the most. S&P/ASX 200 fell 1.18%.

According to seasonally adjusted figures from Australia’s Bureau of Statistics, employment in Australia dropped unexpectedly by 46 300 in October. Reuters reports that the figure was much lower than analyst predictions of a 50,000 gain. In a Reuters poll, 5.2% of the unemployed rose in comparison to 4.8%.

Stocks of mainland China were more than ever, thanks to the Shanghai compositeThe increase in the Shenzhen componentGained 0.323% Hong Kong: Hang Seng indexThe drop was 0.3%

The Nikkei 225Japan has recovered from its earlier losses and rose 0.58%. The Topix index grew 0.3%. South Korea KospiReduced by 0.69%

MSCI’s Asia-Pacific share index outside Japan was 0.7% smaller.

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Consumer inflation in America has increased

Oil and Currencies

The U.S. dollar indexThe indices that track the greenback in relation to a basket made up of its peers were at 94.913, after having seen levels below 94 earlier.

The Japanese yenThe dollar traded at 114.06 dollars, lower than the levels of 113 yesterday. The Australian dollar$0.7327 was the lowest level, but still lower than $0.74 as seen earlier this week.

The morning Asia trading hour saw oil prices rise, with benchmarks internationally. Brent crude futuresUp to 0.5% to $83.06 Per Barrel U.S. crude futuresIncreased 0.5% to $81.75 per barrel