Asian shares are trading mostly higher after the latest update on U.S. inflation came in almost exactly as economists expected, and data on Japan’s economy showed relatively healthy growth.
FILE - A person walks past at an electronic stock board showing Japan's stock prices at a securities firm in Tokyo, June 27, 2024. – Asian shares were mostly higher Thursday after the latest update on U.S. inflation came in almost exactly as economists expected, and data on
Domestic demand grew a robust 3.5% from the previous quarter on the back of healthy household consumption and private sector investments, as well as government investments. Exports grew a booming 5.9%. On Wall Street, the S&P 500 rose 0.4% to follow up on one of its best days of the year and climb within 3.7% of its all-time high set last month. The Dow Jones Industrial Average gained 242 points, or 0.6%, to finish a day above the 40,000 level for the first time in nearly two weeks. The Nasdaq composite edged up less than 0.1%.
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