South Korea stocks lead declines in Asia-Pacific as its industrial production contracts in October

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Tokyo’s headline inflation rate came in at 2.6%, rebounding from the 1.8% seen in October.

Asia-Pacific markets mostly lost ground on Friday, led by losses in South Korean stocks after its industrial production declined for a second straight month in October.Industrial production saw a 2.3% increase year on year in October, marking a reversal from the 1.3% fall in September.Core inflation, which excludes costs of fresh food, rose to 2.2% compared with Reuters poll expectations of 2.1%.Tokyo's inflation numbers are widely considered to be a leading indicator of nationwide trends.

"Under the interim authorization, Virgin Australia and Qatar Airways can commence marketing and selling 28 weekly scheduled return flights between Doha and Brisbane, Melbourne, Perth and Sydney," the Australian Competition and Consumer Commission said. Flights from Perth are expected to begin in November 2025.

Google did not immediately respond to requests for comment made after working hours in India and with the Thanksgiving holiday in the United States.

 

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