Business 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. People stand in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, Nov. 9, 2023, in Tokyo.
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.Stock market today: Asian shares mixed as China reports that prices fell in October“What China has right now, is a low rate of underlying inflation, which reflects the fact that domestic demand is fairly weak,” Robert Carnell of ING Economics said in a report.
South Korea’s Kospi added 0.2% to 2,427.08, while in Australia, the S&P/ASX 200 gained 0.3% to 7,014.90. In Bangkok, the SET lost 1.3%. Warner Brothers Discovery tumbled 19% after reporting a worse loss for the latest quarter than analysts expected. It also lost more streaming subscribers than forecast.beginning in the summer dragged the S&P 500 down by more than 10% from its peak for the year. The 10-year yield briefly topped 5% to reach its highest level since 2007, as it tracked the Federal Reserve’s main interest rate, which is above 5.25% and at its highest level since 2001.
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