cnbc.com/2022/08/11/asia-markets-us-inflation-cpi-report-wall-street-currencies.html
Consumer prices rose 8.5% in July compared to the same period a year ago. That's a slightly better result than the 8.7% increase that economists were expecting. Mainland China markets also ticked up. Japan's market is closed for a holiday Thursday.

MSCI's broadest index of Asia-Pacific shares outside of Japan increased 1.04%. Japan's market is closed for a holiday Thursday. Consumer prices rose 8.5% in July compared to the same period a year ago. Dow Jones Industrial Average leapt 535.10 points, or 1.63%, to close at 33,309.51.

"We doubt very much that one monthly data point will be sufficient to get the Fed to drop its hawkish guard," ANZ Research says. SoftBank Group said it would reduce its stake in Chinese tech giant Alibaba through an early physical settlement of prepaid forward contracts for around 242 million American Depository Receipts.

SoftBank: Move would add 4.6 trillion yen ($34.6 billion) to its pre-tax gains. Apple supplier Foxconn posts results that beat expectations, but was cautious on the outlook. U.S. dollar index, which tracks the greenback against a basket of its peers, was at 105.331.

The Australian dollar was higher at $0.7074. U.S. crude futures slipped 0.34% to $91.62 per barrel and Brent crude futures declined 0.37% to £97.04 per barrel. The dollar was up 0.1% against the Japanese yen.
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