Asian shares advance as inflation shock tapers offReutersAsian share prices advanced on Friday as a shock from a surprisingly strong US inflation reading ebbed, with investors hopeful that the worst price hikes could be soon over. The Hang Seng Index rose 0.3 percent to 25,327.97, while the China Enterprises Index gained 0.7 percent to 9,114.37. The Hang Seng Tech Index climbed 1.6 percent, with tech giants Meituan (美團) and Tencent Holdings Ltd (騰訊) up 2.6 percent and 1.6 percent respectively. Index heavyweights Meituan and Tencent shored up the Hang Seng Index, while Alibaba Group finished down 0.5 percent. The US consumer price index rose 6.2 percent year-on-year last month, the strongest advance since November 1990.

Source: Taipei Times November 13, 2021 21:54 UTC