Asian Stocks Retreat as China's Inflation Data Miss Estimates
A customer purchases goods at a supermarket in Huaibei.
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Asian stocks fell, with the regional benchmark index extending a global selloff, after weaker-than-expected Chinese inflation data.
The MSCI Asia Pacific Index dropped 0.7 percent to 132.85 as of 4:40 p.m. in Hong Kong as China’s stocks halted a four-day rally. The consumer-price index in rose 1.3 percent in October from a year earlier, missing the 1.5 percent median estimate in a Bloomberg survey and down from 1.6 percent in September. Producer prices fell 5.9 percent, extending their streak of negative readings to 44 months.