Asian Equities Higher after U.S Lead

Asian markets opened higher on Wednesday after Wall Street broke a three-day losing streak and as traders awaited key Chinese data.  U.S. stocks mostly advanced on Tuesday, 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.

After a 142-point gain and 47-point fall, the Dow Jones Industrial Average finished flat. The S&P 500 added 0.2 percent, while the tech-heavy Nasdaq gained 0.3 percent.

In Asia, focus will likely fall on China’s inflation numbers due at 0930 Sin/HK. The consumer price index (CPI) for September is expected to rise 1.7 percent on year, according to estimates from National Australia Bank – slower than August’s 2 percent gain, which was a four-month low.


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