Asia Market Action: equities are mixed in modest action
Asia Market Action: equities are mixed in modest action, as the rebound in European and U.S. stock markets has not spilled over to Asia's equity markets. Japan's Nikkei 225 is 0.2% firmer, China's CSI 300 is 0.1% higher but Hong Kong's Hang Seng is down 0.3%. USD-JPY is at 112.32, down from Thursday's high of 112.66 seen in New York trading but still well above the 111.83 low seen in Thursday's Asian session. The Wall Street rebound Thursday saw a unwinding of the safety trades had driven USD-JPY under 112.00 for the first time since October 16. Japan's Tokyo CPI accelerated to a 1.5% y/y pace in October from 1.3% in September. But the Tokyo core CPI grew at a 1.0% y/y pace in October, matching September's 1.0% clip. South Korea's consumer confidence fell to 99.5 in October from 100.2 in September.