Asian stocks closed higher on Thursday (11), as Wall Street advanced yesterday to the highest levels in three months in the wake of lower-than-expected US consumer inflation (CPI) data.
Leading gains in Asia, Hang Seng jumped 2.40% in Hong Kong, at 20,082.43 points, while South Korean Kospi rose 1.73% in Seoul, at 2,523.78 points, and Taiex appreciated as well. 1.73% in Taiwan, at 15,197.85 points.
In Tokyo, there was no business today due to a national holiday in Japan.
In mainland China, the Shanghai Composite rose 1.60% to 3,281.67 points, and the less comprehensive Shenzhen Composite was up 1.66% to 2,216.98 points.
Risk appetite in the Asian region came after New York stocks rallied on Wednesday in reaction to the latest US CPI figures, which came in below expectations, fueling hopes that the Federal Reserve (Fed, the US central bank) moderate the pace of interest rate hikes in the coming months.
In Oceania, the Australian stock exchange followed the good mood on Wall Street and in Asia, and the S&P/ASX 200 ended the trading session in Sydney up 1.12%, at 7,071.00 points.
Source: CNN Brasil
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