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MSCI Asia

Asian Stocks Surpass 2007 Peak, Hit Record High As Chinese Inflation Comes In Hot

Asian Stocks Surpass 2007 Peak, Hit Record High As Chinese Inflation Comes In Hot

China’s factory prices (PP) jumped last month despite authorities' continued attempts to curb industrial production to combat pollution. China's PPI rose 6.9% in October Y/Y, higher than the projected 6.6% while consumer prices climbed 1.9%, also higher than the median forecast of 1.8%, and above last month's 1.6% Y/Y increase.