Live updates from Asia Pacific markets: Japan CPI and Singapore GDP

Asia-Pacific markets mostly rose on Friday, following a rally on Wall Street that saw the S&P post gains for a fourth straight day.

Investors in Asia assessed Japan’s Consumer Price Index data in October. Core inflation, excluding volatile fresh food prices, rose 2.3% year-on-year, slightly above the 2.2% estimate, according to analysts polled by Reuters. This is less than the 2.4% of the previous month.

The overall CPI stood at 2.3%, compared to 2.5% in September.

Japan’s Nikkei 225 jumped 0.79% while the broader Topix index rose 0.53%.

Elsewhere, Australia’s S&P/ASX 200 index recorded gains of 0.79%.

A sure South Korean value Kospi Index rose more than 1% while the small-cap Kosdaq gained 0.75%.

Hong Kong’s Hang Seng Index gained 0.33%, while mainland China’s CSI 300 fell 0.14%..

Singapore’s GDP in the third quarter grew 5.4% year-on-year, notably surpassing the previous quarter’s revised 3.0%. On a quarterly basis, the economy grew by 3.2%, an acceleration from 0.5% in the second quarter, according to the Ministry of Trade and Industry.

The ministry also raised its economic growth forecast for this year, “around 3.5%”, from “2.0 to 3.0%”.

Overnight in the United States, all three major indexes rose, on track to close the week higher.

The Dow Jones Industrial Average climbed 462 points, or 1.06%, to end at 43,270.35, while the S&P 500 gained 0.53% to close at 5,948.71. The tech-heavy Nasdaq Composite index edged up 0.03% to end at 18,972.42.

Crude oil prices rose more than 2% after Putin confirmed Russia had fired an intermediate-range hypersonic ballistic missile at Ukraine and warned more could follow, the latest in a series of ‘escalations.