Stock market today: Asian shares mostly higher after China reports that prices fell in October

This 11-piece Cuisinart cookware set is a perfect gift for the holidaysBusiness men gather in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, Nov. 9, 2023, in Tokyo. Shares have fallen in Asia after a another mixed close as Wall Street recalibrates following recent big swings. – Shares were mostly higher in Asia on Thursday after a another mixed close on Wall Street where benchmarks have been recalibrating following recent big swings.

Falling prices have raised worries that China may fall into a bout of deflation, or chronically lower prices, but some analysts say much of the weakness recently is due to a decline in the cost of pork, a staple item for Chinese. In Tokyo, the Nikkei 225 index jumped 1.5% to 32,646.46 after Prime Minister Fumio Kishida told local reporters he had decided against calling an election before the end of the year.

The Dow Jones Industrial Average slipped 0.1% to 34,112.27, and the Nasdaq composite rose 0.1% to 13,650.41.American Airlines, Delta Air Lines and United Airlines were also toward the front of the market, each gaining more than 2% as oil prices continued to drop and ease the pressure on fuel costs. The price for a barrel of U.S. crude oil has fallen from above $90 to back to where it was in July, and it dropped another $2.04 to settle at $75.33 on Wednesday. Brent crude, the international standard, fell $2.07 to $79.54.has raised concerns about potential disruptions to supplies, causing prices to swing. But now the focus is on faltering demand given slowing growth in many economies, particularly in China.

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Stock market today: Asian shares mostly higher after China reports that prices fell in OctoberShares are mostly higher in Asia after a another mixed close as Wall Street recalibrates following recent big swings. China reported that its consumer prices fell 0.2% from a year earlier in October while factory-gate prices declined 2.6%. Benchmarks fell in Hong Kong, Taiwan and Bangkok and rose in Tokyo, Seoul and Shanghai.
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