TOKYO (AP) — Asian shares mostly rose Friday as markets continued to be moderately optimistic about the prospects of technology companies and the relative...
TOKYO — Asian shares mostly rose Friday as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies.
Australia’s S&P/ASX 200 gained 0.3% to 8,071.90. South Korea’s Kospi added 0.6% to 2,677.19. Hong Kong’s Hang Seng surged 1.8% to 18,100.00, while the Shanghai Composite jumped 1/3% to 2,860.89. Despite the mixed finish, gainers outnumbered decliners by roughly two to one on the New York Stock Exchange.
The key report this week comes on Friday, when the U.S. government releases its July data on inflation with the PCE, or personal consumption and expenditures report. Economists expect the PCE, which is the Federal Reserve’s preferred measure of inflation, to show that inflation edged up to 2.6% in July from 2.5% in June. It was as high as 7.1% in the middle of 2022.
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