Greater China daily macro notes

Mainland China's September exports jumped 36.3% YoY, far above the 25.5% consensus, pushing the trade surplus to $133.5bn and keeping the full-year surplus on track toward a record near $1tn.Inflation remained mixed: CPI rose just 0.9% YoY while PPI accelerated to 5.0%, squeezing margins even as external demand booms.Shanghai Composite fell 2.39% and CSI 300 lost 1.23% on profit-taking; TAIEX gained 0.59% ahead of TSMC results while gold surged 2.06%.