Chinese markets trade higher after inflation data
Major stock markets in the Asia-Pacific region traded mostly higher on Thursday, with the latest inflation data from China marking the session so far. Earlier today, the Chinese National Statistics Bureau revealed that consumer prices annually increased by less-than-expected 2.3% during November. The Shanghai Composite gained 1.15%, while the Shenzhen Composite rose 0.96% at 7:19 am CET, while the Hang Seng surged 1.06% or 255 points at 7:35 am CET.
Meanwhile, Pfizer and BioNTech confirmed three doses of their COVID-19 vaccine successfully neutralize the Omicron coronavirus strain. However, Pfizer CEO Albert Bourla warned the fourth, booster dose would be needed soon to ensure safety against COVID-19. The Kospi Composite rose 0.91% at 7:32 am CET. On the other hand, the S&P/ASX 200 closed 0.28% lower and the Nikkei declined 0.47% or 135 points at its closing bell.
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