China's sluggish economic data confirmed the ongoing residential property market weakness and weakening consumer sentiment. Benchmark indexes in Shanghai and Hong Kong trimmed weekly advances.
Stock market indexes in China and Hong Kong diverged ahead of the release of key economic data on Friday. Tencent and JD.com traded down ahead of the release of their quarterly results.
Japan's indexes meandered, and the yen traded at a ten-month low. A measure of confidence among large Japanese manufacturing companies rose to a four-year high, driven by solid orders for vehicles and electronics.
China indexes edged higher amid improving risk appetite for the second consecutive session. AI-related stocks faced headwinds after Softbank sold its entire stake in Nvidia.
Japan's indexes rebounded from Monday's losses, tracking Wall Street gains as the U.S. Senate voted to reopen the federal government. Japan's current account surplus soared to a record high in September.
China's producer price inflation declined at a slower pace, and consumer price inflation rebounded in October, driven by holiday spending and an expanded trade-in program.
Japan's household spending rose for the fifth consecutive month in October, and income remained flat from a year ago. Another day of volatility in AI supply chain stocks dragged down the Nikkei 225 Stock Average.
China's international goods trade highlighted slowing momentum, forcing policymakers to rely more on domestic demand to sustain the economic expansion.
Japan's benchmark indexes plunged as much as 5% amid a steep sell-off in AI-linked supply chain companies. The yen weakened ahead of key economic releases on wages and household spending later in the week.
China's benchmark indexes lacked direction amid skepticism about the durability of the US-China trade agreement. Caution prevailed ahead of the fresh batch of quarterly results.
