CashNews.co
Markets in Asia had a mixed start to the week, with China’s SSE Composite (000001.SS) closing Monday’s session 2% higher, while the Hang Seng (^HSI) ended the day 0.75% in the red.
In a closely-watched press conference on Saturday, China’s minister of finance Lan Fo’an promised to “significant increase” debt issuance to help shore up the economy, but did not offer more details on the size of stimulus.
Meanwhile, data released on Sunday showed deflationary pressures continued to mount in China. The consumer price index (CPI) grew 0.4% year-on-year in September, down from 0.6% in August, according to data from the National Bureau of Statistics (NBS).
China’s producer price index (PPI) was down 2.8% in September, compared with a 1.8% decline in August.