Shares in Asia-Pacific rose in Thursday trade, as investors looked ahead to an upcoming release of U.S. inflation data for May.
The Shenzhen component in mainland China jumped 1.299% by the afternoon, while the Shanghai composite gained 0.82%. Hong Kong’s Hang Seng index rose 0.3%.
In Japan, the Nikkei 225 was 0.37% higher while the Topix index sat above the flatline. South Korea’s Kospi advanced 0.57%.
Shares in Australia nudged higher, with the S&P/ASX 200 up 0.57%.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.57%.
· European stocks cautious as global markets await U.S. inflation data, ECB meeting
European stocks were mixed on Thursday morning as global markets gear up for the latest inflation reading from the U.S.
The pan-European Stoxx 600 hovered around the flatline in early trade, with autos dropping 1% while tech and health care stocks climbed 0.6%.
Global markets are predominantly focused on the U.S. inflation data due out Thursday, which could be crucial in shaping the Federal Reserve’s schedule for raising interest rates or tapering its asset purchase program.
Reference: Reuters, CNBC
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