Asian markets settled down on Thursday ahead of US consumer price inflation data due later in the day, which could offer more clarity on the Federal Reserve's rate-hike plans to combat soaring inflation. Meanwhile, the US Producer Price Index (PPI) rose at an annual pace of 8.5% in September, down slightly from the 8.7% rise in August. US PPI rose 0.4% month-over-month, the largest rise since May, the Bureau of Labour Statistics said. Further, recession fears and rising Covid-19 cases in China also adding more pressure in market sentiments. Chinese shares dropped ahead of a key Party congress where Xi Jinping is expected to extend his leadership for another term.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,016.36 | -9.15 | -0.30 |
Hang Seng | 16,389.11 | -311.92 | -1.87 |
Jakarta Composite | 6,880.62 | -28.59 | -0.41 |
KLSE Composite | 1,373.36 | -7.21 | -0.52 |
Nikkei 225 | 26,237.42 | -159.41 | -0.60 |
Straits Times | 3,040.45 | -42.74 | -1.39 |
KOSPI Composite | 2,162.87 | -39.60 | -1.80 |
Taiwan Weighted | 12,810.73 | -270.51 | -2.07 |
