Asia-Pacific markets inched higher Friday, with investors digested China's property prices data.
Declines in China's commercial housing sales prices narrowed on a month-on-month basis, according to data. Data showed sales prices of newly built commercial houses in first-tier cities fell 0.3% in January from the previous month, with declines narrowing by 0.1 percentage points from the previous month. Prices continued to drop from last year, falling 0.
5% from a year ago or 0.4 percentage points more than the previous month. The January data comes after the country's troubled property market recorded its worst declines in new home prices in nearly nine years at the end of last year. China's CSI 300 added 0.2%, set to rise for the ninth straight session if gains hold till the end of the trading day. — Shreyashi Sanyal
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