Asian shares trade higher after Wall Street rise and Japan GDP data show growth

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Asian shares trade higher after Wall Street rise and Japan GDP data show growth
Fumio KishidaShanghai Composite
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TOKYO (AP) — Asian shares were mostly higher Thursday after the latest update on U.S. inflation came in almost exactly as economists expected, and data on...

TOKYO — Asian shares were mostly higher Thursday after the latest update on U.S. inflation came in almost exactly as economists expected, and data on

The annual rate shows how much the economy would have grown or contracted, if the quarterly rate had continued for a year. Although the next prime minister is widely expected to be another Liberal Democrat, signaling continuity in Japan’s basic pro-U.S., pro-business policies, there is no clear successor waiting in line. Some analysts think a younger candidate will have a better chance wooing voter support, plummeting under Kishida.

The two-year Treasury yield edged up to 3.95% from 3.94% late Tuesday. All told, the S&P 500 rose 20.78 points to 5,455.21. The Dow gained 242.75 to 40,008.39, and the Nasdaq composite rose 4.99 to 17.192.60.

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