© Reuters.
Investing.com– Most Asian stocks rose slightly on Thursday, recovering a measure of recent losses following a string of positive earnings reports, although concerns over China, following weak inflation data, kept gains limited.
Chinese stocks largely lagged their regional peers, trading in a flat-to-low range after data showed the country fell back into disinflation territory in October.
The trend presents more economic weakness in Asia’s largest economy, and points to more headwinds for the region as China struggles to shore up growth.
Strong earnings boost Japan, Australian stocks
Broader Asian markets still clocked some gains on Thursday. Australia’s rose 0.5%, buoyed chiefly by bank stocks following strong earnings from National Australia Bank Ltd (ASX:). The stock rose 1.3%, tracking an increase in its annual profit.
Japan’s was the best performer among its peers, rising 1% following strong earnings reports from Sony Corp (TYO:) and Nintendo Co Ltd (TYO:) this week. Technology conglomerate SoftBank Group Corp. (TYO:) and automobile maker Nissan Motor Co (TYO:) are set to report quarterly earnings later in the day, with the two stocks…
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