Asia markets mostly down ahead of regional inflation readings and South Korea growth figures

Inflation readings from Australia and Japan are due this week, as well as GDP figures from South Korea

Asia markets mostly down ahead of regional inflation readings and South Korea growth figures

This is CNBC Live Blog covering Asia-Pacific markets.

Asia Pacific markets

Most of the lower

A week of readings on inflation from around the region, and South Korea’s third quarter gross domestic product figures are upcoming.

Singapore and Australia release their September inflation figures on Monday and respectively on Wednesday, while Japan releases its Tokyo inflation numbers on Friday. Tokyo's rate of inflation is considered to be a leading indicator for national figures.

Australia is the

S&P/ASX 200

In Monday's morning trading, the Dow Jones Industrial Average fell by 0.93%. This is a continuation of last week's losses and a move towards enduring a third consecutive session with losses.


Nikkei 225

The Topix fell 0.12%, but the KBK declined 0.44%. South Korea's


The Kosdaq gained 0.51%, bucking the trend.

Hong Kong's market is closed on Monday for the holiday.

All three major U.S. indexes fell on Friday as a rise in the

Ten-year Treasury Yield

Concerns about the current state of the economy have become more widespread.

The yield on the benchmark 10-year Treasury note is particularly notable.

Crossed 5%

For the first time since 16 years, Thursday was a holiday.

You can also find out more about the following:

S&P 500

The NASDAQ fell 1.26% in its first loss week in three weeks, while the

Nasdaq Composite

Dropped by 1.53%

Dow Jones Industrial Average

Loss of 0.86%

This report was contributed by CNBC's Pia Sing and Alex Harring.

Fed's Mester: Interest rates near peak

Loretta Mester, president of the Cleveland Federal Reserve, said on Friday that she believes interest rates will not be increased much further from now, if ever.

Mester stated in a speech delivered in New York that "no matter what decision is made at our next session, if the economic development continues as expected, I believe we will be near or at an equilibrium point in the funds rate, as we gather more information about the financial and economic developments, and as we assess the effects of tightening financial conditions already occurring."

She also said that the Federal Open Market Committee's estimate from September was correct that another rate increase could occur before 2023. However, she noted that it is difficult to predict such movements at this time.

Mester will not vote this year, but in 2024.

--Jeff Cox

Gold on track for second consecutive weekly gain


The peak reached was a three-month high

On Friday, the dollar rose for a second consecutive week as investors sought safe havens amid fears that conflict in the Middle East would intensify.

This week, gold is up 2.5% after rising 5.22% the previous week. Gold spot was up 0.3% to $1,979.3 an ounce after reaching its highest level since July 20. U.S. Gold Futures increased by 0.5% to $1.991.4.

You can also find out more about the following:

VanEck Gold Miners (GDX) ETF

This week the stock is up by 1.9%, on course for its first positive weekly performance in three.



Barrick Gold

You can also find out more about the following:

New Gold

All are up 5% or more this week.

-- Pia Singh, Gina Francolla

S&P 500 falls below 200-day Moving Average

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S&P 500

The index fell below its 200-day average of 4,233.25, for the first since March 24. Since March 17, the index hasn't closed below its 200-day moving average.

This index appeared to have bounced off its 200-day level, which it had traded at earlier in the month. This can be a good sign for the market.

Technical analysts are skeptical

The rally will have lasting power

-- Jesse Pound, Gina Francolla

High-grade bond funds have seen outflows.

Bank of America reported that U.S. high grade bond funds experienced outflows of $2,41 billion during the week ended October 18. This was a dramatic reversal of the previous week's inflows, which totaled $2.08 billion. Credit strategist Yuri Selliger attributed negative flows to a large extent to outflows of short-term, high-grade bond fund.

The outflows of high-yield and global emerging markets bonds have also increased, recording negative flows of $1.84 billion each. Money markets saw a $101.12bn outflow, a sharp drop from the $8.33bn outflow a week ago.

Equity flows, meanwhile, remained nearly flat during the same time period. Stocks saw a $1.43bn outflow.

-- Hakyung Kim