Asian Shares Mostly Rise as Investors Monitor U.S. Inflation
Asian shares experienced mostly positive gains on Tuesday as investors keep a close eye on indicators of U.S. inflation. Japan’s benchmark Nikkei 225 surged 2.2% in morning trading, while Australia’s S&P/ASX 200 saw a slight increase of nearly 0.1%. South Korea’s Kospi also jumped 1.2% to reach 2,651.33. However, trading was closed in China, Hong Kong, and Taiwan due to the Lunar New Year holiday.
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