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10/30, 4:51 AM (Source: TeleTrader)
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Asian stocks dip with focus on pandemic, Japan data

Equities on the Asian markets traded lower on Friday as investors reacted to the economic data coming out of Japan. Released by the country's Statistics Bureau, Tokyo consumer price data saw the city's deflation under the estimates, decreasing by 0.3% in October on an annual basis, while the rate of unemployment for the entire country remained unchanged when compared to the result seen in September.

Additionally, the data aggregated by Worldometers showed the number of global infections recorded during the day on Thursday surged to a record high for the second day in a row.

In mainland China, the Shanghai Composite traded 0.1% lower at 4:30 am CET, with the Shenzhen Composite losing 0.42% at 04:36 am CET. The dollar traded 0.18% lower against the yen, going for ¥104.4140 at 4:47 am CET, with the Australian S&P/ASX 200 dipping 0.22% at the same time, as Japan's Nikkei 225 fell by 0.7%. At 4:48 am CET, Hong Kong's Hang Seng decreased by 0.03%, as South Korea's Kospi went 1.24% down.

Breaking the News / NL