Asian Stock Market Indices: Nikkei 225, CSI 300, Hang Seng Index
- * Inflation: Japan's core inflation rate rose to 2.9% in September, the first increase since May and matching economists' expectations.
- * Stock Market: The ASX/S&P 200 lost 0.15%, closing at 9,019.
HereS a summary of the key information from the provided text:
Japan:
* Inflation: Japan’s core inflation rate rose to 2.9% in September, the first increase since May and matching economists’ expectations. This metric excludes fresh food but includes energy costs. Headline inflation also increased to 2.9%.
Australia:
* Stock Market: The ASX/S&P 200 lost 0.15%, closing at 9,019.
* Central Bank Modernization: The Reserve Bank of Australia (RBA) plans to review upgrades to its interbank settlement system (Reserve Bank Information and Transfer System – RITS) starting next year. This includes exploring new technology,extended operating hours,and increased use of central bank money for settlements. Governor Michele Bullock announced this.