Markets in focus on China between deflation and real estate crisis. What happens today?

Markets positive today, while data on China show that the dragon is in deflation and therefore in contrast with other global powers.
Stocks in Asia advanced, after U.S.
stocks posted their best streak of gains in two years and strength in Treasuries highlighted expectations of a spike in interest rates.
In detail, Chinese stocks were mixed, with those in Hong Kong falling and mainland China's main benchmarks posting modest gains, after a new price reading showed renewed deflationary pressures.
The consumer price index in the world's second-largest economy fell in October for the first time since July, underscoring policymakers' difficulty in supporting growth through domestic demand.
The dollar recovered from last week's sharp sell-off on growing confidence that the Fed has stopped raising rates.
The possibility of a rate cut in the near future, with inflation still above the US Federal Reserve's target of 2%, remains uncertain and analysts are divided on the decrease in the cost of money.
On Wall Street overnight, the S&P 500 rose 0.10% and the Nasdaq Composite gained 0.08%.
The Dow Jones Industrial Average fell 0.12%.
The S&P 500 rose for an eighth straight day, extending its longest winning streak in two years.
read also Stocks, is the Small Cap rally about to start? Markets today watch China in deflation and with real estate pressures China in the spotlight today.
China's troubled real estate sector was closely watched in trading, after most major stocks rallied a day earlier, following a Reuters report that Chinese authorities had asked Ping An Insurance Group to take a stake of control in Country Garden Holdings.
A Ping An spokeswoman said the company had not been contacted by the government and denied a Reuters report that cited four sources close to the plan.
Meanwhile, the Hang Seng Mainland Properties Index fell 3.73% on Thursday, while the Hang Seng Properties Index, which covers developers in Hong Kong, fell 0.7%.
“I think equity investors are still shying away from Chinese properties because there are so many unknowns,” said Jason Lui, head of APAC equity and derivatives strategy at BNP Paribas.
The careful evaluation of Chinese macro data also continues.
China's economy fell into deflation after consumer prices fell for the first time since the start of 2021.
read also There is optimism about recovery in China, but the dragon may still collapse The price index at Consumption fell 0.3% year-on-year in July, according to official statistics released Wednesday, after recording no change a month earlier.
The producer price index, which measures the prices of goods as they leave the factory gates, fell 4.4% in July.
Consumer prices, which last slipped into negative territory in February 2021, have been on the verge of deflation for months as the expected recovery in consumer spending has failed to materialize after authorities lifted pandemic restrictions on the beginning of the year.
The shift to deflation is set to fuel calls for more government stimulus at a time when policymakers are also grappling with a slowing real estate sector and weak trade, all of which have dampened economic momentum.