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Asia-Pacific stocks tumble as traders parse China's inflation data

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Asia-Pacific markets tumble ahead of China’s inflation and trade data for the month of September.

came in flat, lower than a 0.2% climb which analysts polled by Reuters expected. China also reported a 2.5% declinekept its monetary policy unchanged

It guides the Singapore dollar against an undisclosed basket of currencies of its major trading partners, adjusting the pace of its appreciation or depreciation by tweaking the slope, width and center of the currency band. The Monetary Authority of Singapore does not disclose any detail relating to this band.

"Growth was supported by expansions in both public and private sector construction output," a statement from the Ministry of Trade and Industry said. Over the medium, Senyek believes the lagged effect of the Fed's rate hikes since March 2022 will eventually"spark economic disappointments, rising recession concerns and a downward EPS revision cycle in the months ahead," and that declining interest rates will be insufficient to offset the downward bias.A Zomato delivery driver in New Delhi, India.

 

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