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- Asian Stocks close: stocks closed higher due to declining oil price
Asian Stocks close: stocks closed higher due to declining oil price
Asian stock indices closed higher due to declining oil price.
Chinese economic data was weaker than expected. China's consumer price index declined to 1.6% in September from 2.0% in August, missing expectations for a decline to 1.7%.
China's producer price index dropped to 1.8% in September from a decline of 1.2% in August, missing expectations for a decrease to 1.4%.
Investors speculate China's government will add more economic stimulus measures to support the country's economy.
Japan's industrial production declined 1.9% in August, after a 1.5% drop in July. Analysts had expected a 1.5% decrease.
Japanese Economics Minister Akira Amari said in parliament that the government does not want to intentionally weaken the yen, and any negative impact from rising import prices should be closely monitored.
Indexes on the close:
Nikkei 225 15,073.52 +137.01 +0.92%
Hang Seng 23,140.05 +92.08 +0.40%
Shanghai Composite 2,373.67 +14.19 +0.60%
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