Market

Asian Markets React Variably to Latest Australian Inflation Data Surge

Market Movements Across Asia-Pacific

Following the release of Australia's monthly consumer price index (CPI) data, which showed an annual increase of 2.3% in November, major stock indexes in the Asia-Pacific region exhibited mixed responses on Wednesday. Australia's S&P/ASX 200 saw a rise of 0.50% by 3:05 am CET, indicating a positive reception to the inflation data.

Diverse Regional Responses

Meanwhile, South Korea's Kospi Composite experienced a significant jump of 1.08% shortly after. In contrast, Hong Kong's Hang Seng index fell by 0.48% at 3:07 am CET. The Chinese mainland markets also showed signs of decline, with the Shanghai Composite decreasing by 0.10% and the Shenzhen Composite by 0.81%. Japan's Nikkei 225 was not spared, dropping 0.39% at 3:08 am CET.

Currency Fluctuations

In the currency markets, the dollar appreciated by 0.07% against the yen, trading at ¥157.97100 by 3:09 am CET, reflecting the ongoing adjustments in response to the inflation data from Australia.