Benchmark indexes in Japan extended gains for the third consecutive day and traded at two-week highs. The Japanese yen traded at a three-week high as investors dialed down rate hike expectations in the near future.

China market indexes are set to close down for the first time in four weeks as investors lower fiscal stimulus expectations ahead of the finance minister's press conference on Saturday.

The yen dropped to a six-week low as investors lowered expectations for a rate hike by the Bank of Japan. Producer price inflation accelerated in September following the increase in costs for fertilizers and transportation.

The People's Bank of China launched its swap facility program for institutional investors to exchange financial assets and provide additional liquidity to the stock market. 

Japan's major averages edged higher following the gains in tech stocks in overnight trading in New York. Couche-Tard revised its takeover offer for Seven & I by 20%.

Market indexes in mainland China and Hong Kong struggled to advance for the second day in a row after investors reassessed the impact of recently announced monetary and fiscal measures on corporate earnings in the current and the next quarter.

Japan's real household income increased for the fourth consecutive month in August, and average real household spending declined for the first time in two months. Japan's current account surplus rose to a record high after the overall international trade deficit shrank in August. 



Hong Kong investors dumped stocks while retail investors scrambled to catch up after returning from a week of holidays. The lack of direct and specific fiscal measures from the top policy committee poured cold water over expectations of more fiscal reforms.

Market indexes in Tokyo advanced for the third day in a row as the yen dropped to a five-week low, prompting the Japanese official to issue a verbal warning against excessive speculation.

Japan indexes extended weekly gains to 1.5% as fears of an imminent rate hike receded. The yen drifted lower after the unexpected comments from the newly appointed prime minister supported a gradual increase in interest rates. Shipping companies plunged nearly 10% amid rising violence in the Middle East.

Hong Kong market indexes extended gains for the third week in a row as the stimulus rally remained popular with retail and institutional investors.

Japan market indexes rebounded and the yen dropped to a one-month low following comments from the recently appointed prime minister Shigeru Ishiba.

Hong Kong indexes plunged as much as 4% as a six-day market rally ran out of steam. Investors are still holding out for significant fiscal stimulus measures over the next two weeks. 

Investors turned cautious in Tokyo following the rising tensions in the Middle East as the prospects of a wider war in the region escalated. Japan's Diet elected Shigeru Ishiba as the next prime minister, and the newly elected prime minister called for an early election on October 27. 



The stock market rally in Hong Kong extended to the sixth day in a row as market euphoria attracted more investors. China's electric vehicle sales surged 43% to one million units in September, increasing their market share to 54% of all deliveries.