Asia-Pacific action rose in trade on Thursday as investors reacted to the publication in Chinese inflation data for September.
Shanghai’s low composition in mainland China increased by 0.15%, with the Shenzhen component being subtracted by about 0.1%.
Producer inflation will show in September, according to official data on Thursday. The September production price index jumped 10.7 percent from a year earlier, slightly above expectations for a 10.5 percent increase in Reuters.
China’s consumer price index also rose 0.7% in September from a year earlier. That’s just under a 0.9 percent year-over-year increase, according to a Reuters poll.
“Inflationary pressures, especially against producer prices, are fairly constant and will continue to be a problem next year,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management.
Some effects of higher energy prices would also affect consumer prices after next year, he said.
Singapore’s low Straits Times index rose 0.35%, hedging against a loss after the country’s central bank unexpectedly tightened monetary policy on Thursday.
Second, the Nikkei 225 in Japan rose 1.28%, with the Topix index rising 0.45%. South Korean level Kospi rose by 0.93%.
In Australia S & amp; The P / ASX 200 is displayed with 0.93%.
The broadest MSCI index of Asia-Pacific action outside Japan is 0.52% higher.
Markets in Hong Kong closed on Thursday.
Oil prices were higher in the next hours of trading in Asia, as international base futures for crude Brent rose 0.64% to 83.71 dollars per barrel. Crude oil futures in the United States rose 0.65% to $ 80.96 a barrel.
Junior Trader Nikolay Petrov