Most Asia Pacific markets rose Thursday after indexes in the region fell for two straight days, while data from China showed consumer prices shrank faster than expected.
South Korea stocks ended marginally higher, after the benchmark Kospi, dropped 3.24% in the last two sessions, erasing more than half of what it gained earlier in the week when the country re-imposed a ban on short selling.
Government data showed October consumer prices shrank 0.2% year-on-year in China, more than the 0.1% fall expected by economists polled by Reuters. Producer prices declined 2.6%, slightly smaller than the expected decline of 2.7%.
The Kospi wrapped up the day with a 0.23% gain, bouncing back from a two-day dip. On the flip side, the Kosdaq experienced a 1% decline, marking its third consecutive day in the negative territory.
Over in Hong Kong, the Hang Seng index saw a 0.22% dip in the final hour of trading, extending its streak of three days in the red. Meanwhile, China’s CSI 300 index closed flat at 3,612.83.
In Japan, the Nikkei 225 made a significant move, surging by 1.49% to settle at 32,646.46, while the Topix also posted a solid gain of 1.26%, reaching 2,335.12. Most Asia Pacific markets
Australia’s S&P/ASX 200 had a positive finish, closing 0.28% higher at 7,014.90.