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“The devil, as they say, is always in the details—or in this case, the glaring lack of them. When it comes to Chinese policy briefings, it’s usually all sizzle and no steak,” Stephen Innes of SPI Asset Management said in a commentary. “By mid-week, we’ll see if the market bid has legs, and by month’s end, we’ll know for sure if Beijing is delivering the goods or if it’s just more smoke and mirrors.
China reported that consumer inflation weakened in September and that wholesale prices fell further, reflecting continued weakness in domestic demand that has spurred the government into a flurry of measures meant to revive falling housing sales and other spending.Tokyo’s markets were closed for a public holiday. In South Korea, the Kospi added 1% to 2,622.43, while Australia’s S&P/ASX 200 picked up 0.5% to 8,253.60.
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