Tokyo, Japan skyline with Tokyo Tower
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Asia-Pacific markets were mixed on Friday as investors awaited Japan’s election over the weekend.
Japan also released October inflation data in the capital Tokyo on Friday, which is the last key economic data before the election. The Bank of Japan’s monetary policy meeting will be held from October 30 to 31.
Inflation in Tokyo is widely considered a leading indicator of national trends.
this Overall urban inflation rate Inflation fell to 1.8% in October from 2.2% the previous month, and core inflation (excluding fresh food prices) also fell to 1.8% from 2%.
Economists polled by Reuters had forecast Tokyo’s core inflation rate would slow to 1.7% in October.
benchmark Nikkei 225 Index Following the release of the inflation report, the index fell 0.52%, while the Topix fell 0.41%, posting its fifth consecutive day of losses.
In contrast, South Korea Cospi The Kosdaq rose 1%, with the small-cap Kosdaq rising 0.42%.
Australian S&P/ASX 200 Index It opened up 0.41% on the day.
Hong Kong’s Hang Seng Index futures were quoted at 20,420 points, opening slightly weaker than the Hang Seng Index’s closing point of 20,489.62 points.
U.S. stocks rebounded overnight on Thursday, with Tesla shares rising nearly 22%, ending three consecutive days of declines.
The electric car maker reported third-quarter results that beat analysts’ expectations, sending its shares soaring nearly 22%, its best day since 2013.
The Nasdaq rose 0.76%, but the Dow Jones Industrial Average fell 0.33%, recording four consecutive days of losses for the first time since June.
—CNBC’s Lisa Kailai Han and Jesse Pound contributed to this report.
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