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China’s Shenzhen jumped more than 1%; US inflation forward data

SINGAPORE — Most Asia-Pacific stocks rose on Thursday. As investors look forward to the release of US inflation data in May.

The Shenzhen component in mainland China jumped 1.19 percent to close at 14,893.59, while the Shanghai composite gained 0.54% to end the trading day at 3,610.86. Hong Kong’s Hang Seng Index fell about 0.1% at the last hour of trading.

In Japan, the Nikkei 225 closed 0.34% higher at 28,958.56, while the Topix ended the trading day slightly changed at 1

,956.73. South Korea’s Kospi was up 0.26% at 3,224.64.

Australian stocks were up, with the S&P/ASX 200 up 0.44% to close at 7,302.50.

MSCI’s broadest Asia-Pacific stock index outside Japan rose 0.38%.

US inflation forward data

currency and oil

US dollar index It tracks the dollar against a basket of other companies at 90.235 after having recently rebounded from below 90.

The Japanese yen is trading at 109.50 against the dollar, down 109.2 against the dollar earlier this week. The Australian dollar has changed hands at $0.7731, seeing a recent drop from around $0.766.

Oil prices fell in the afternoon of Asian trading hours. International Brent crude fell 0.5% to $71.86 a barrel. US crude futures fell 0.47% to $69.63 a barrel.

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