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Asia Markets Rise on Inflation Fears

Asia-Pacific markets traded higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve.

In Japan, the Nikkei 225 index popped 497.77 points, or 1.3%, to 39,461.47.

In Hong Kong, the Hang Seng index lost 43.55 points, or 0.2%, to 21,814.37.

In other markets

The CSI 300 in mainland China fell 14.72, or 0.4% to 3,905.14

In Taiwan, the Taiex index regained 109.66 points, or 0.5%, to 23,399.41.

In Singapore, the Straits Times index gained 7.96 points, or 0.2%, to 3,882.58

In Korea, the Kospi index climbed 34.78 points, or 1.4%, to 2,583.17.

In New Zealand, the NZX 50 dropped 7.97 points, or 0.1%, to 12,905.98

In Australia, the ASX 200 gained 4.69 points, or 0.1%, to 8,539.95.