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Asian shares track Wall St gains as inflation fears subside
Asian shares posted solid gains on Thursday that mirrored Wall Street’s advance as investors’ worries over inflation receded, although trading was thinned by closures for the Lunar New Year holiday. KEEPING SCORE: Japan’s benchmark Nikkei 225 rose 1.3 percent to 21,435.13 and Hong Kong’s Hang Seng advanced 1.3 percent to 30,908.64. Australia’s S&P/ASX 200 climbed 0.9 percent to 5,893.90. Markets in mainland China, South Korea and Taiwan were closed for the lunar new year holiday. INFLATION: A report showed U.S. consumer prices climbed at a slightly faster pace than economists expected in January while a ... (full story)