Asian equity markets markets higher after strong lead from Wall Street on better US CPI

<p>The US inflation report for June was a good 'un, the CPI lower than expected:</p><ul><li><a href="https://www.forexlive.com/news/us-june-cpi-yy-30-versus-31-expected-20230712/" target="_self" rel="follow">US June CPI y/y 3.0% versus 3.1% expected</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-response-to-the-us-cpi-report-affirms-a-final-fomc-rate-hike-july-20230712/" target="_self" rel="follow">Goldman Sachs response to the US CPI report – affirms a final FOMC rate hike July</a></li><li><a href="https://www.forexlive.com/centralbank/jp-morgan-response-to-the-us-june-cpi-report-soft-landing-path-a-smidgeon-wider-20230712/" target="_self" rel="follow">JP Morgan response to the US June CPI report – soft landing path a "smidgeon" wider</a></li></ul><p>US equities liked it:</p><ul><li><a href="https://www.forexlive.com/news/us-stocks-close-higher-for-the-3rd-consecutive-day-20230712/" target="_self" rel="follow">US stocks close higher for the 3rd consecutive day</a></li></ul><p>And the up moves have carried over to Asia:</p><ul><li><p>
Japan’s
Nikkei 225 +1.1%</p></li><li><p>
China’s
Shanghai Composite +0.2%</p></li><li><p>
Hong
Kong’s Hang Seng +1.7%</p></li><li><p>
South
Korea’s KOSPI +0.7%</p></li><li><p>
Australia’s
S&amp;P/ASX 200 +1.2%
</p></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.