Asian Shares Mostly Higher Following US Inflation Data

The Asia-Pacific equities mostly experienced a rise on Thursday as traders analyzed the United States consumer price data that grew as anticipated in November, escalating to 2.7%. This solidified expectations that the Federal Reserve will lower interest rates at its December meeting.

However, the Australian market seemed to react to the recently released unemployment rate, which fell short of expectations, standing at 3.9% in November.

Hong Kong's Hang Seng Index increased by 0.24% at 3:34 am CET, while South Korea's Kospi Composite rose by 0.57%. Japan's Nikkei 225 surged by 1.29% at 3:35 am CET, and the Australian S&P/ASX 200 lost 0.24% a minute later.

In mainland China, the Shanghai Composite climbed 0.11% at 3:35 am CET, with the Shenzhen Composite remaining flat at the same time. The dollar traded 0.25% lower against the yen, going for ¥152.2095 at 3:36 am CET.