Global Markets React to Inflation Data, Oil Prices, and Earnings Reports
TL;DR
Hong Kong stocks fell over 2%, leading losses in the wider Asia-Pacific region, as investors digested China's inflation and trade data for September. China's consumer price index remained flat, lower than expected, while the producer price index saw a decline. The Hang Seng Index was dragged down by the consumer cyclicals sector, with e-commerce giant JD.com experiencing a significant slump. Meanwhile, Singapore's GDP grew faster than expected in the third quarter, and India's inflation eased to a three-month low.
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