Some of Asia on Rebound


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

In Japan, the Nikkei 225 recovered 171.08 points, or 0.6 %, to 29,227.86.

The Japanese yen traded at 114.06 per U.S. dollar, weaker than levels below 113 seen against the greenback yesterday.

In Hong Kong, the Hang Seng popped 251.85 points, or 1%, to 25,247.99.

Shares of China Evergrande Group listed in Hong Kong surged 6.8%, following a report from Chinese media outlet Cailianshe that several bondholders received coupon payments from the debt-ridden developer.

Other real estate stocks in Hong Kong also rose, with China Vanke gaining 6.7% while Country Garden advanced 5.4%.

The stock gains followed reports of property market easing in Shenyang, the capital city of the northeastern province of Liaoning.

Citing a meeting with the local government Wednesday, real estate companies said restrictions on property sales would be removed
Thursday, Chinese financial news outlet Cailian Press reported. The report said a representative for the local government denied the news.

Employment in Australia fell unexpectedly by 46,300 in October, seasonally adjusted estimates from the country’s Bureau of Statistics showed. That was far off analyst expectations for a 50,000 rise, according to Reuters. Unemployment also rose climbed to 5.2% higher than the 4.8% expected in a Reuters poll.

The Australian dollar was at $0.7295, still off levels above $0.74 seen earlier this week.

In other markets

In China, the CSI 300 restocked 77.46 points, or 1.6%, to 4,898.65

In Taiwan, the Taiex tumbled 107.13 points, or 0.6%, to 17,452,52

In Singapore, the Straits Times Index recouped 6.75 points, or 0.2%, to 3,238.07

In Korea, the Kospi index dipped 5.25 points, or 0.2%, to 2,924.02.

In New Zealand, the NZX 50 regained 4.45 points to 13,026.91.

In Australia, the ASX 200 lost 41.96 points, or 0.6%, at 7,381.95.