CPI surged to 3.2% in August, up from 2% in July.
Chinese shares closed lower, dragged by real estate and financials after the country’s most-indebted developer warned of a risk of a cross-default.
(Bloomberg) -- Japanese stocks advanced for a third day, lifting the Nikkei 225 Stock Average to a level last seen during the nation’s bubble economy more than three decades ago.The blue-chip gauge closed at 30,670.10 in Tokyo, surpassing this year’s previous peak in February to end at the highest since August 1990. KDDI Corp. and Fanuc Corp. were the largest contributors to the Nikkei’s 0.7% gain. Electronics makers and car companies gave the biggest boosts to the broader Topix, which advanced