China leads Asia market declines as property stocks plunge; Japan service inflation heats up
Asia-Pacific stocks fell on Monday as the Chinese market dropped due to a decline in property firms, while Japan’s service inflation surged to a 45-month high.
Data showed Japan’s service PPI rose 2.3% in October to its highest level since January 2020 and more than the prior month’s reading of 2%.
On Monday, China’s industrial profits continued to shrink in November, but at its slowest pace in almost a year, according to data released by the government.
![](https://kbin.life/media/cache/resolve/entry_thumb/25/09/2509926dc65f5821e438660408efe028f32ff4a6182064cbc6df50ce22999392.jpg)