Asian shares bounce back on low China inflation

<p>Asian stocks rose as data raised new hopes for China’s economy.</p>

Stocks in Asia bounced back today (October 15th) as signs of low inflation in China fuelled hope of more easing measures to help the domestic economy.

New data showed China’s consumer price inflation hit a four-year low in September.

“The read is actually quite low and less than half the upper limit of the target that the government had set for this year,”  Dariusz Kowalczyk, senior economist at Crédit Agricole, told Market Watch. “Global inflationary pressures are spreading to China. The low inflation reading will open the door for them to implement some targeted monetary and fiscal easing.”

China’s Shanghai Composite Index climbed 0.6 per cent, while Hong Kong’s Hang Seng Index rose 0.4 per cent. 

Japan’s Topix index added 0.8 per cent as the yen weakened against the dollar. Sydney jumped 0.7 per cent. 

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