Tokyo Tower (left) and commercial and residential buildings in Minato, Tokyo, Japan, Saturday, October 1, 2022.
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Asia-Pacific markets rose on Friday, tracking a rally on Wall Street, with the S&P rising for a fourth straight day.
Asian investors Assessing Japanese consumer prices in October Index data. Analysts polled by Reuters said that excluding volatile fresh food prices, core inflation rose 2.3% from a year earlier, slightly above expectations of 2.2%. That’s down from 2.4% last month.
Overall CPI was 2.3%, compared with 2.5% in September.
Japan’s Nikkei 225 Index rose 0.79%, and the Composite Index rose 0.53%.
Elsewhere, Australia’s S&P/ASX 200 index edged up 0.79%.
Korean Blue Chip Stocks composite stock price index rose more than 1%, while the small-cap Kosdaq index gained 0.75%.
Hong Kong’s Hang Seng Index was flat.
Singapore’s third-quarter GDP grew by 5.4% year-on-year, significantly higher than the revised 3.0% in the previous quarter. From a quarter-on-quarter perspective, the economy grew by 3.2%, which was faster than the 0.5% growth rate in the second quarter. According to the Department of Trade and Industry.
The ministry also raised its economic growth forecast for this year from “2.0% to 3.0%” to “around 3.5%.”
In the United States overnight, the three major stock indexes rose and are expected to end the week higher.
The Dow Jones Industrial Average rose 462 points, or 1.06%, to close at 43,270.35 points; the S&P 500 Index rose 0.53% to close at 5,948.71 points. The Nasdaq index, which is dominated by technology stocks, edged up 0.03% to close at 18,972.42 points.
Crude prices rose more than 2% after Putin confirmed that Russia had launched a hypersonic medium-range ballistic missile into Ukraine and warned that more missiles could be launched, the latest in a series of escalations.
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