EL7.AI
StocksMedium•10 November 2026•
4 min read

Asia-Pacific Index Jumps 1.5% as Oil Retreats and Investors Await U.S. Inflation

Key Facts

1The broad MSCI Asia-Pacific index rose 1.5% on November 10.
2The Kospi rose more than 5% and the Nikkei about 3% in early trading.
3U.S. consumer prices were forecast to rise 0.3% month over month in October, with core prices up 0.2%.
4The probability of a U.S. rate hike the following month stood at 84%, versus 74% a week earlier.

Asian stocks rose on Tuesday, November 10, 2026, after oil prices fell following U.S. President Donald Trump’s announcement that he would delay new military strikes on Iran. Easing concerns over crude prompted investors to increase their exposure to equities, while U.S. inflation data remained the focus of markets. The broad MSCI Asia-Pacific index rose 1.5%, moving away from a seven-month low reached the previous week. Gains were strongest in South Korea and Japan, where the Kospi rose more than 5% and the Nikkei about 3% in early trading, Reuters reported. The Asian session followed a broad rebound in U.S. stocks the previous day.

In Tuesday trading, the Nikkei rose 2.6% to 60,279.37, while the Kospi gained 4% to 5,219.37, according to The Associated Press. The difference between these readings and the early gains reported by Reuters reflects the timing of the measurements during the session, with the initial figures capturing the indexes’ performance in early trading. Technology stocks led gains in Japan, with SoftBank jumping 15% ahead of the company’s results announcement later in the day. Tokyo Electron, a semiconductor equipment maker, rose 5.6%, and Advantest, a testing equipment manufacturer, gained 3.4%. In South Korea, Samsung Electronics shares rose 4.6% and SK Hynix shares gained 5.6% alongside the Kospi’s advance.

Gains spread to other Asian markets, though at a more measured pace than in Japan and South Korea. Hong Kong’s Hang Seng and the Shanghai Composite each rose 0.4%, while Australia’s S&P/ASX 200 gained 1.1%. Taiwan’s Taiex posted a bigger gain of 3.4%, according to The Associated Press. In energy markets, Brent crude fell 0.9% to $91.74 a barrel in early trading, while U.S. crude dropped 1% to $85.97. Oil retreated after Trump said he planned to delay new strikes on Iran, easing price pressure and lifting sentiment in equities, Reuters reported.

Wall Street posted strong gains in Monday’s session, November 9, with the S&P 500 rising 2.35%, its biggest daily jump since April. The Nasdaq gained 2.7%, its best daily performance in more than four months, Reuters reported. Sentiment also drew support from Chinese trade data released Tuesday, which showed exports rose 35.2% in October from the same period a year earlier. Imports increased 41.6% year over year, according to customs data cited by The Associated Press. China’s trade surplus for 2026 has already exceeded $1 trillion, putting the country on course to set a new annual record, the agency reported.

In Japan, real household consumption spending by households of two or more people fell 6.8% year over year in September, according to data released by Japan’s Statistics Bureau on November 10. Spending fell 2.8% from the previous month on a seasonally adjusted basis, pointing to weak consumption during the month. Spending totaled 289,536 yen per household, while its nominal value declined 4.5% year over year. The data highlight a divergence between the strong performance of Japanese stocks in the session and the household spending reading, which puts domestic consumption among the economic indicators available to investors. The figures provide economic context for the session, while Asian markets focus on oil, political developments and upcoming U.S. price data.

Attention now turns to the U.S. Consumer Price Index for October, scheduled for release on November 10 at 08:30 a.m. Eastern time, according to the U.S. Bureau of Labor Statistics’ schedule. Economists surveyed by Reuters forecast consumer prices rising 0.3% for the month and core prices increasing 0.2%. The report matters to markets as traders price in an 84% probability that the Federal Reserve will raise interest rates the following month, up from 74% a week earlier, according to the CME FedWatch tool as cited by Reuters. Reuters said analysts saw inflation potentially remaining high enough to keep the possibility of a rate increase in play. A strong U.S. jobs report for October, released Friday, November 6, had bolstered rate-hike pricing, according to the same report.