Stock Market Live Updates: Asian stock markets rise, investors eye US inflation data

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On Thursday, Asian stocks began the day on a positive note, following the upward trend seen on Wall Street. Investors were eagerly anticipating crucial US consumer inflation data.

In early trading, the Nikkei 225 index, which serves as the benchmark, advanced by 1.18%, equivalent to a 375.55-point increase, reaching 32,312.06. Simultaneously, the broader Topix index showed a 0.96% increase, adding 22.18 points and settling at 2,330.57. The KOSPI index in South Korea also made notable gains, rising by 0.98%, or 23.92 points, to reach 2,474. Australia’s stock market had a more modest increase, with a 0.18% gain, equivalent to a 13-point rise, bringing the total to 7,101.40.

Investors found reassurance in the Federal Reserve’s less hawkish statements, despite a higher-than-expected increase in US producer prices in September.

The previous night on Wall Street, the Dow Jones Industrial Average concluded with a 0.2% increase, settling at 33,804.87. The S&P 500, representing a wide range of stocks, saw a 0.4% rise, while the technology-heavy Nasdaq experienced a more substantial gain of 0.7%.

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