Most Asian stocks rose, despite a sell-off in Chinese property shares, while data from China showed consumer prices contracted faster than expected.
Official government data showed that consumer prices contracted 0.2 percent year-on-year in China in October, more than the 0.1 percent drop expected by economists polled by Reuters. Producer prices fell 2.6%, slightly less than the expected 2.7% decline.
In this climate, the MSCI Asia-Pacific index outside Japan marginally strengthened by 0.1% while Tokyo’s Nikkei closed with gains of 1.49% at 32,646 points.
Marginally higher at 3,055 points the Shanghai Composite, the Kospi index closed with a rise of 0.23% and the ASX by 0.28% at 7,014 points, while on the other hand the Hang Seng index fell by 0.33% at 17,524 points.
South Korean shares closed marginally higher after the Kospi index fell 3.24 percent in the last two sessions, wiping out more than half of its gains earlier in the week when the country reimposed a ban on short selling.
