Asian markets traded higher on Wednesday after China’s consumer prices fell 0.3% year-on-year in September, easing pressure on policymakers and fueling optimism across regional equities.
The National Bureau of Statistics of China reported the decline, which signaled weaker domestic demand but also opened room for potential monetary support measures.
At 4:31 a.m. CET, Japan’s Nikkei 225 was up 1.31%, while Australia’s S&P/ASX 200 gained 0.83%. Hong Kong’s Hang Seng Index advanced 1.22%, and South Korea’s Kospi Composite climbed 1.82% at 4:32 a.m. CET. On the mainland, the Shanghai Composite rose 0.31%, and the Shenzhen Composite was up 0.50% a minute later.
Meanwhile, the U.S. dollar slipped 0.50% against the yen, trading around ¥151.08 at 3:38 a.m. CET, as traders assessed the implications of China’s inflation data and awaited global monetary policy cues.
