Overview
| Asia Stock Indexes | Price | Fluctuated Price | % Fluctuation |
| Nikkei 225 (N225) | 26262.75 | -245.12 | -0.92 |
| Hang Seng (HSI) | 19585.47 | -93.75 | -0.48 |
| S&P/ASX 200 (AXJO) | 7107.7 | -44.8 | -0.63 |
| Shanghai (SSEC) | 3047.23 | -7.2 | -0.24 |
| KOSPI (KS11) | 2317.16 | -39.57 | -1.68 |
After some economic data was released in the region, Asia-Pacific markets fell, following the losses on Wall Street.
Japan’s core inflation notches over 40 year-high
In November, Japan saw a 3.7% rise in its core consumer price index on an annualized basis, setting forth the fastest pace since its last, which was the 4% rise that took place in December 1981. The reading was in sync with the predictions made by analysts polled by Reuters and arrived after notching 3.6% in the previous month.
The reading stays on top of the Bank of Japan’s 2% inflation target. National CPI over all items settled at 3.8%
The index Nikkei 225 dropped by 0.95%, with the Topix falling by 0.48%.
The Japanese yen stood at its strongest peak in about four months. The yen was at 132.62 in comparison to the US dollar.
The Hang Seng index in Hong Kong plummeted by 0.46% while investors were coping with the rising Covid cases in China. The Shenzhen Component shed almost 0.28%, while the Shanghai Composite fell by 0.26%.
The Kospi in South Korea tumbled by 1.49% as Australia’s S&P/ASX 200 also went down by 0.81%.
Malaysia and Singapore, too, will soon be publishing their November inflation data.
- Published By Team Genuine Reporter