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Currencies

Asia Mostly Rebounds

Asia Mostly Rebounds

Asia-Pacific markets are largely up as investors assess Australia’s third-quarter inflation figures, which will give clues to the Reserve Bank of Australia’s monetary policy decision when it meets on Nov. 3.

In Japan, the Nikkei 225 leaped 207.57 points, or 0.7%, to 31,269.92.

In Hong Kong, the Hang Seng Index recovered 93.8 points, or 0.6%, to 17,085.33.

Australia’s third-quarter inflation rate came in at 5.4%, slightly higher than the 5.3% expected by economists polled by Reuters, but lower than the 6% seen in the second quarter.

In other markets

In Shanghai, the CSI 300 gained 17.33 points, or 0.5%, to 3,504.46.

In Taiwan, the Taiex advanced 49.13 points, or 0.3%, to 16,358.89.

In Korea, the Kospi index shed 20.34 points, or 0.9%, to 2,363.17.

In Singapore, the Straits Times Index deleted 5.1 points, or 0.2%, to 3,078.78.

In New Zealand, the NZX 50 skidded 76.59 points, or 0.7%, to 10,884.04

In Australia, the ASX 200 dipped 2.52 points to 6,854.34.