Asia-Pacific markets slide

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FE Team | Published: October 13, 2023 23:26:13

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Asia-Pacific markets fell on Friday, with Hong Kong stocks leading the losses, as investors digest China's inflation and trade data for September, reports CNBC.
China's consumer price index for September came in flat, lower than a 0.2 per cent climb which analysts polled by Reuters expected. China also reported a 2.5 per cent decline for its producer price index, compared to Reuters' estimates of a 2.4 per cent drop.
Hong Kong's Hang Seng index traded 2.45 per cent lower in its final hour of trade. China's benchmark CSI 300 fell 1.05 per cent, closing at 3,663.41.
In Japan, the Nikkei 225 slipped 0.55 per cent to close at 32,315.99 and South Korea's Kospi fell 0.95 per cent to end at 2,456.15.
The S&P/ASX 200 in Australia traded 0.56 per cent lower to close at 7,051.
Overnight in the US, all three major indexes closed lower following stronger than expected US inflation data.