Asia markets jump as investors assess Japan inflation data; Singapore GDP growth tops estimates [CNBC]
HSBC Holdings, plc. (HSBC)
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Source: CNBC
Investors in Asia assessed Japan's October consumer price index data. The core inflation, excluding volatile fresh food prices, rose 2.3% from a year ago, slightly above the estimated 2.2%, according to analysts polled by Reuters. That's cooler than 2.4% in the previous month. The overall CPI came in at 2.3%, versus 2.5% in September. Japan's Nikkei 225 jumped 0.79% while the broad-based Topix rose 0.53%. Elsewhere, Australia's S&P/ASX 200 eked out gains of 0.79%. South Korean blue-chip Kospi index rose over 1% while small-cap Kosdaq gained 0.75%. Hong Kong's Hang Seng index gained 0.33%, while mainland China's CSI 300 fell 0.14% Singapore third-quarter GDP expanded 5.4% from a year ago, notably outpacing the revised 3.0% in the prior quarter. On a quarter-on-quarter basis, the economy grew by 3.2%, accelerating from the 0.5% in the second quarter, according to the Ministry of Trade and Industry. Singapore also raised its projection of this year's economic growth to “ar
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