Asian indices ended mostly higher Thursday, following Wall Street’s gains as oil prices continued to stabilize.
Tokyo’s Nikkei 225 rose 2.3 percent 16,197 while Hong Kong’s Hang Seng rose 2.3 percent to 19,363. Shanghai’s SSE inched down 0.2 percent to finish at 2,863.
China’s consumer price index was up 1.8 percent on the year for the month of January, the country’s National Bureau of Statistics said Thursday. This was slightly less than market expectations of a 1.9 percent rise, but up from the 1.6 percent increase seen in December.
Shiseido jumped 4.3 percent to end at 2,372 yen while Fast Retailing gained 2.3 percent to end at 31,960 yen. Esprit rose 4 percent to close at 7.78 Hong Kong dollars.
Less fortunate was Chow Tai Fook, which lost 4.3 percent to end at 4.53 Hong Kong dollars. Li & Fung lost 0.5 percent to end at 4.41 Hong Kong dollars.