Asian shares climbed to a one-year high as Chinese inflation data added to signs of stabilization in the world’s second-largest economy. The MSCI Asia Pacific Index advanced for a fourth day, led by gains in energy and raw-materials producers.
The MSCI Asia Pacific Index added 0.5 percent as of 7:15 a.m. London time, after climbing 2.4 percent over the last three sessions.
Japan's Nikkei share average ground higher on Tuesday, touching a 2-week peak in thin trade thanks to a wobbly yen.
The Nikkei ended the day up 0.7 percent at 16,764.97. It went as low as 16,630.56 on profit-taking before pulling back to touch 16,779.59, its highest since July 27.
China's blue-chip CSI300 index climbed for a sixth straight session on Tuesday, with July consumer inflation data keeping alive hopes of further monetary policy easing, while improving producer prices attracted bets on resources shares.
Both the CSI300 .CSI300 and the Shanghai Composite Index .SSEC rose 0.7 percent, to 3,256.98 points and 3,025.68 points, respectively.
Reference: Bloomberg, Reuters
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