Asian shares climb as softer US inflation lifts Wall Street

Asian share markets climbed on Friday after softer-than-expected U.S. inflation data lifted Wall Street overnight.

Hong Kong’s benchmark Hang Seng Index rose 0.75 percent, or 192 points, to 25,690. Market turnover jumped 36.22 percent from the previous session to HK$221.1 billion, the highest in a week. The China Enterprises Index gained 0.68 percent to 8,901, while the Hang Seng Tech Index advanced 1.12 percent to 5,479.

Newly listed autonomous driving firm CiDi (3881) fell 13.69 percent, while Xizang Zhihui Mining (2546) surged 90.69 percent.

In the Chinese mainland, the Shanghai Composite Index closed up 0.36 percent at 3,890, ending the week broadly flat. The Shenzhen Component Index rose 0.66 percent to 13,140, but still logged a weekly decline of nearly 0.9 percent, snapping a three-week winning streak.

Elsewhere in Asia, Japan’s Nikkei index climbed 1.03 percent, South Korea’s KOSPI added 0.65 percent, and Taiwan shares rebounded 0.83 percent, ending a four-day losing run.