Asia trades higher, Nikkei hits 35,000 mark first time since 1990

Major stock indexes in the Asia-Pacific region traded higher on Thursday tracking Wall Street’s previous gains, with Hang Seng skyrocketing 2% and Nikkei 225 hitting the 35,000 mark for the first time since 1990, as investors awaited the latest inflation report from the world’s biggest economy, the United States. Meanwhile, earlier this week, it was reported that Tokyo’s inflation eased to 2.4%. Over in South Korea, the country’s central bank decided to hold its interest rate steady at 3.50%.

In mainland China, the Shanghai Composite rose 0.42% at 7:01 am CET, while the Shenzhen Composite jumped 1.51% a minute later. At 7:02 am CET, while Hong Kong’s Hang Seng surged 2.03% or 325 points, South Korea’s Kospi Composite added 0.40%, at the same time.

At the close, Australia’s S&P/ASX 200 increased 0.50% and Japan’s Nikkei 225 soared 1.77% or 608 points. The dollar traded 0.18% below the yen at 7:03 am CET, selling for 145.53000.