Stocks in Asia are mixed with Shanghai down
On Friday, Asian shares were mixed with Shanghai bucking an upbeat trend after prices data from China powered expectations for renewed demand prospects after dismal trade data earlier this week.
The Shanghai Composite Index headed south 0.23%, while Hong Kong's Hang Seng Index managed to earn 0.64%.
China unveiled CPI for September with a profit of about 0.7% month-on-month. That’s higher than the 0.3% pace observed. Additionally, a 1.9% surge year-on-year, turned to be faster than the 1.6% ascend expected. PPI data added 0.1% year-on-year, compared to a dip of 0.3% expected for the first positive surge since February 2012.
The domestic industrial supply and demand situation is currently trending better, with upbeat signs in inventories as well as sales by key industries, thanks to government policies to stabilize surge.
Improving international commodity prices also backed the price revenues in domestic industrial products.