After the government reported a surge in producer inflation, the Shanghai Composite Index fell nearly 0.1% to 3,558.28, rising from 9.5% in August to 10.7% in September.
Capital Economics said in a report that most of the increase was due to soaring coal prices, which seems to have not affected consumer prices, even though some parts of the country are struggling with electricity shortages. Stated. The consumer price index fell from 0.8% in August to 0.7%.
Also on Thursday, the Monetary Authority of Singapore raised benchmark interest rates because of price pressure. The move to allow the Singapore dollar to rise slightly against the US dollar and expand its trade zone from 0% is news that the city-state’s economy grew at an annual rate of 6.5% from July to September. It matched.
The Nikkei 225, the Japanese benchmark, ended at 28,550.93, up 1.5%, as new Prime Minister Fumio Kishida dissolved the parliament prior to the general elections on October 31st. Fumio Kishida has already messed up key policies during his tenure of about a week. But split opposition means that the ruling Liberal Democratic Party may still have an advantage, despite growing public disillusionment with the stagnant economy and the government’s response to coronavirus.
South Korea’s Kospi rose 1.5% to 2,988.64. Australia’s S & P / ASX 200 was up 0.5% to 7,311.70. Transactions in Hong Kong were closed due to a holiday.
Wall Street stocks have risen sharply, increasing profits.National news
Source link Wall Street stocks have risen sharply, increasing profits.National news