The U.S. September PPI annual rate is higher than market expectations, and U.S. stocks opened lower
The U.S. stock market opened with the Dow Jones falling 60 points, the SP 500 index down by 0.28%, and the Nasdaq down by 0.5%. The U.S.'s September PPI annual rate was recorded at 1.8%, higher than the market's expected 1.6%, with previous values revised up from 1.7% to 1.9%. In contrast, Chinese concept stocks rose against the trend, with the Nasdaq Golden Dragon China Index increasing by 1%.
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