Markets

ECONOMICS: Stock Markets Mixed in Asia

Stock markets have been mixed in Asia, with Japan's Nikkei 225 finishing 1.8% for the better, recouping a good portion of yesterday's hefty losses, despite a mild deflationary reading on core CPI today. Japan's disinflation in fact played to market expectations for more BoJ stimulus. The latest Bloomberg survey shows that 60% of analysts expect Japan's central bank to expand its QQE program by next April, and almost 40% predict such a move at its Oct-30 policy meeting, which would coincide with new GDP and inflation projections. Among the losers today is China, where the Shanghai Composite closed with a 1.6% decline, more than reversing yesterday's 0.9% gain. South Korea's KOSPI and Australia's ASX 200 posted comparatively modest losses. Stocks in Europe and S&P 500 futures, meanwhile, were showing robust gains. Yellen's relatively upbeat remarks have encouraged investors, with her remarks that a rate rise is still on the table this year serving as a sign of confidence rather than a sell-signal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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