Asia-Pacific markets mostly gain amid China stimulus optimism; Hong Kong set to rise 3%

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Asia-Pacific markets mostly gain amid China stimulus optimism; Hong Kong set to rise 3%
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Industrial profit data will be released from China on Friday, and Japan has announced September inflation data from the capital city of Tokyo.

On Friday, industrial profit data will be released from China and Japan released September inflation data from the capital city of Tokyo.

Tokyo's inflation rate for September eased to 2.2% from 2.6%, while core inflation was in line with expectations at 2%.Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy.

The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.Seperately, the final reading of the U.S.' second-quarter GDP was unrevised at a strong 3%.David Tepper says the Fed has to cut rates at least two or three more times

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