Asia stocks mixed amid choppy China markets after Bejing hints at more stimulus in weekend meeting

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

News News

Business Business Latest News,Business Business Headlines

China’s deflation pressures deepened in September with consumer prices rising at their slowest pace in three months at 0.4% from a year earlier.

Asia-Pacific markets were mixed on Monday, as investors assessed China's weekend press briefing and awaited a slew of economic data this week from the region.in a highly anticipated press briefing on Saturday hinted at more debt issuance amid efforts to shore up the economy, stating the government had a"rather large" space to increase deficit.with consumer prices rising at their slowest pace in three months at 0.

The press conference"signaled that China is getting serious about tackling deflation" and that is"precisely the message the market has been waiting for," Xie said in a research note on Monday. Chinese policymakers have"made a turn on cyclical policy management and increased their focus on the economy," it said in a research note on Oct. 13.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in BUSİNESS

Business Business Latest News, Business Business Headlines