Asia Surges, China Rallies

Shares in Asia-Pacific mostly rose on Thursday, as investors looked ahead to an upcoming release of U.S. inflation data for May.

In Japan, the Nikkei 225 regrouped 97.76 points, or 0.3%, to 28,958.56.

The Japanese yen traded at 109.50 per U.S. dollar, weaker than levels around 109.2 against the greenback seen earlier this week

In Hong Kong, the Hang Seng fell 3.75 points to 28,738.88.

Those moves came ahead of U.S. consumer inflation data. The U.S. consumer price index for May, set to be reported at 8:30 a.m. ET Thursday, is expected to show headline inflation at 4.7% — the fastest pace since 2008.

The Australian dollar changed hands at $0.7731, having seen a recent drop from about $0.776.

In other markets

In Shanghai, the CSI 300 gained 35.01 points, or 0.7 %, to 5,271.46.

In Singapore, the Straits Times Index recovered 9.03 points, or 0.3%, to 3,224.64

The Kospi index in Korea regained 8.46 points, or 0.3%, to 3,224.64

In Taiwan, the Taiex index ballooned 193 points, or 1.1%, to 17,159.22

In New Zealand, the NZX 50 dropped 48.49 points, or 0.4%, to 12,518.01.

In Australia, the ASX 200 jumped 32.3 points, or 0.4%, to 7,302.50.