Asian Shares Mostly Advance as China’s Inflation Report Comes In on Target

Asian stocks mostly advanced after US shares posted their first advance this month, and China’s inflation data came in roughly in line with expectations.

As of 9.15 A.M. (Thai time), Japan’s Nikkei 225 rose 1.23%. In Australia, the S&P/ASX 200 inched up 0.24%. 

The Kospi in South Korea gained 0.58%.

Hong Kong’s Hang Seng index advanced 0.61%. Mainland China’s Shanghai Composite lost 0.25%.

China’s consumer price index grew 1.6% year on year in November, in line with expectations and down from 2.1% in October, while its producer price index declined 1.3%.

Overnight in the U.S., stocks rose with the S&P 500 snapping its longest losing streak since October.

The S&P gained 0.75% to 3,963.51. The Dow Jones Industrial Average increased by 183.56 points, or 0.55%, to 33,781.48, while the Nasdaq Composite increased by 1.13% to 11,082.00.