Asian Equities Mainly Higher on Stimulus Hopes

Most Asian bourses traded higher midday, as benign Chinese inflation data fueled hopes of additional easing while a weaker currency provided support for Japanese shares.

Overnight, U.S. stocks mostly advanced with the S&P 500 and Nasdaq Composite halting their worst three-day rout since 2011 as investors considered earnings from JPMorgan Chase, Citigroup and Wells Fargo. The Dow Jones Industrial Average finished flat while the S&P 500 added 0.2 percent and the tech-heavy Nasdaq gained 0.3 percent.

A closely watched ZEW survey showed German analyst and investor morale fell below zero for the first time in nearly two years in October.  In the commodity space, U.S. crude posted its biggest percentage loss in about two years overnight on the back of a downgrade in global oil consumption forecasts, projections for another boost in shale oil and reluctance by OPEC members to cut output.

CNBC

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