Asia-Pacific markets were mixed as the inflation in the U.S. rose at a 4% annual rate in May, the lowest in two years, giving room for the Federal Reserve to pause and skip a rate hike in its June meeting.
In Japan, the Nikkei 225 screamed higher another 487.77 points, or 1.5%, to 32,502.42, recording its fifth straight session of gains.
Shares of Toyota rose to mark the highest in 16 months after the company’s shareholders voted to retain Akio Toyoda as its chairman in a broad endorsement of its strategy.
In Hong Kong, the Hang Seng lost 113 points, or 0.6%, to 19,408.42.
Korean markets backed off from their year-long high as the nation’s unemployment rate returned to a record low of 2.5% seen last August.
In other markets
In China, the CSI 300 index docked 0.89 points to 3,864.02.
In Korea, the Kospi Index dipped 18.87 points, or 0.7%, to 2,619.08.
In Taiwan, the Taiex index gained 21.54 points, or 0.1%, to 17,238.14.
In Singapore, the Straits Times index added 28.74 points, or 0.9%, to 3,218.14.
In New Zealand, the NZX 50 gained 25.78 points, or 0.2%, to 11,678.62.
In Australia, ASX 200 gaining 16.35 points, or 0.2%, to 7,138.86.
