Asia-Pacific stocks mostly lower amid weak global sentiment as Xi-Biden talks mulls

Japan (NKY:IND) -0.28% Japan’s commerce deficit narrowed sharply to JPY 662.55 billion in October 2023 from JPY 2,205,94 billion in the identical month of the prior yr, lower than market estimates of a shortfall of JPY 735.7 billion.

Japan’s core equipment orders, which exclude these for ships and electrical energy firms, rose 1.4% month-on-month in September 2023.

Japan Tertiary Business Exercise Index -1.0% m/m (anticipated -0.1%).

China (SHCOMP) -0.71%. China October new home costs -0.1% y/y (prior additionally -0.1%) and -0.3% m/m (prior -0.2%).

Traders weighed the implications of high-level talks between Chinese language President Xi Jinping and US President Joe Biden

Hong Kong (HSI) -1.47%.

India (SENSEX) +0.70%.

Australia (AS51) -0.67%. Australia’s seasonally adjusted unemployment charge inched as much as 3.7% in October 2023, whereas employment blew previous forecasts with an increase of 55,000. Shopper inflation expectations in Australia edged as much as 4.9% in November 2023 from 4.8% in September.

Within the U.S. on Tuesday, all three main indexes ended increased, following cooler-than-expected inflation knowledge.

U.S. inventory futures eased on Thursday because the market regarded to consolidate sturdy positive aspects made because the finish of October: Dow -0.09%; S&P 500 -0.06%; Nasdaq -0.19%.

In the meantime, merchants continued to asses the results of discussions between US President Joe Biden and Chinese language President Xi Jinping to ease tensions. The 2 leaders agreed to renew important navy communication amid efforts to ease rising geopolitical tensions in Asia.

Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).

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