Asia-Pacific markets were higher Wednesday, breaking ranks with Wall Street’s declines after U.S. and China exchanged blows in a renewed trade feud.
In Japan, the Nikkei 225 index regained 825.35 points, or 1.8%, to 47,672.67.
In Hong Kong, the Hang Seng index gained back 469.25 points, or 1.8%. to 25,910.60.
CHINA
The CSI 300 in Shanghai gained 67.62 points, or 1.5%, to 4,606.24.
China’s consumer prices fell more than expected in September, while the deflation in producer prices persisted, underscoring the impact of sluggish domestic demand and trade worries on consumer and business sentiment.
The CPI fell 0.3% in September from a year earlier, National Bureau of Statistics data showed on Wednesday, a sharper decline than economists’ forecast of a 0.2% slide, although easing from the 0.4% drop in August.
Prices ticked up 0.1% month-on-month, a smaller than expected recovery compared to economists’ forecast for a 0.2% increase.
U.S. President Donald Trump on Tuesday stateside criticized China for not buying soybeans, calling it an “an economically hostile act.” He also threatened “retribution” such as a cooking oil embargo.
In other markets
In Singapore, the Straits Times Index resurfaced 13.9 points, or 0.3%, to 4,368.42.
In Taiwan, the Taiex index regained 482.56 points, or 1.8%, to 27,275.71.
In New Zealand, the NZX 50 recovered 30.41 points, or 0.2%, to 13,307.40.
In Korea, the Kospi jumped 95.47 points, or 2.7%, to 3,657.28.
In Australia, the ASX 200 marched ahead 91.5 points, or 1%, to 8,990.92.
