Asia-Pacific shares rose as US inflation data drew attention

SHANGHAI, CHINA – MARCH 01: Skyscrapers stand in Pudong Lujiazui financial district on March 1, 2022 in Shanghai, China.

Xiao Yang | Visual China Group | Good pictures

Asia-Pacific shares were mostly higher as investors looked ahead to a US consumer price index report on Thursday. Economists expect inflation to cool in December, which could signal to the Federal Reserve that previous interest rate hikes have had their intended effect.

of Australia S&P/ASX 200 The country’s November trade balance rose 1.18% to close at 7,280.4 after the release.

The Nikki 225 26,449.82, while Topix rose 0.36% to 1,908.18. of South Korea Cosby COST rose 0.24% to 2,365.1, while Costco was down 0.15% to 710.82.

of Hong Kong Hang Seng Index It fell partially, reversing earlier gains. Mainland China Shanghai Mix It added 0.051% to close at 3,163.45 Shenzhen component It rose 0.23% to 11,465.73. China’s consumer price index rose 1.8% in December from a year ago, in line with Reuters expectations.

India’s inflation data for December is also due out.

Overnight on Wall Street, major stock indexes rose. Economists Researched by Dow Jones Expect the inflation axis to show that prices fell by 0.1% in December from November.

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