Property stocks plummet in China, leading the Asia market downturn, while service inflation in Japan increases.
Asia-Pacific stocks fell on Monday as the Chinese market dropped due to a decline in property firms, while Japan’s service inflation surged to a 45-month high.
Data showed Japan’s service PPI rose 2.3% in October to its highest level since January 2020 and more than the prior month’s reading of 2%.
On Monday, China’s industrial profits continued to shrink in November, but at its slowest pace in almost a year, according to data released by the government.
The world’s second largest economy will release its official factory activity figures for November on Thursday, while the Caixin survey for the same metric will be out on Friday.
Australia will release its October inflation figures on Wednesday, which will offer clues to its central bank’s policy moves. India’s gross domestic ...