Asia Markets Live Updates: Japan GDP data shrinks

Shipping containers are loaded onto an international cargo ship at an international cargo terminal in Tokyo.

Yoshikazu Suno |. Getty Images

Asia-Pacific markets rose on Thursday after Wall Street benchmarks closed at overnight highs on softer inflation data, while investors weighed Japan GDP data.

The U.S. consumer price index rose 0.3% in April, below the 0.4% rise expected by Dow Jones. According to US CPI market estimates, it rose 3.4% year-on-year.

Japan’s first quarter GDP A 2% annual rate was contracted, higher than the expected 1.5%na Reuters poll. The latest data could affect the Bank of Japan’s plans to raise interest rates.

of Japan Nikki 225 It rose 1.39% to end at 38,920.26, while the broader Topix rose 0.24% to close at 2,737.54.

Hong Kong’s Hang Seng index reopened after the holiday, up 1.43%. Mainland China’s CSI 300 index rose 0.39% to end at 3,640.35.

The Taiwan Weighted Index It rose 0.74% to hit a new high of 21,304.26.

South Korea’s markets also resumed trading after the holiday Cosby Rising 0.75% and small-cap Costco adding 0.8%.

In Australia, the S&P/ASX 200 The index closed 1.65% higher at 7,881.30.

Overnight, Wall Street’s major indexes closed at record highs on Wednesday after the CPI showed the CPI rose at a slower-than-expected pace in April.

The Dow Jones industrial average rose 349.89 points, or 0.88%, while the S&P 500 added 1.17%. The Nasdaq composite rose 1.40%.

— CNBC’s Lisa Kailai Hahn and Samantha Subin contributed to this report.

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