Within Asia, we saw inflation reports out of major economies such as Indonesia, South Korea, Japan and Thailand. 

More notably, core consumer prices in Tokyo, a leading indicator of nationwide inflation, hit 2.8% in September from a month ago, marking the biggest gain since 2014.

And speaking of inflation, analysts seem to observe an interesting correlation repeatedly occurring in the markets. Whenever reported inflation figures pose a surprise on the upside, any assets that typically protect from inflation such as property, commodities, equities are being sold off.

On Market View, Prime Time’s finance presenter Chua Tian Tian found out more about the phenomenon and what’s to come in Asia from Martin W. Hennecke, Head of Asia Investment Advisory at St. James’ Place (SJP).