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submitted 11 months ago by MicroWave@lemmy.world to c/world@lemmy.world

Asia-Pacific stocks fell on Monday as the Chinese market dropped due to a decline in property firms, while Japan’s service inflation surged to a 45-month high.

Data showed Japan’s service PPI rose 2.3% in October to its highest level since January 2020 and more than the prior month’s reading of 2%.

On Monday, China’s industrial profits continued to shrink in November, but at its slowest pace in almost a year, according to data released by the government.

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[-] naturalgasbad@lemmy.ca 4 points 11 months ago

China is inching towards pulling off a soft landing of their real estate sector. This rapid contraction of the Chinese construction industry is extremely good for the environment as it'll reduce the emissions from GHG-intensive cement and steel production... I would not be surprised if all the reports of China peaking emissions/coal come true.

[-] EmergMemeHologram@startrek.website 2 points 11 months ago

So it’s going to be a red day today…

this post was submitted on 27 Nov 2023
48 points (96.2% liked)

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