Asia-Pacific stocks rallied, tracking Wall Street gains, as Japan’s October inflation data showed easing pressure.

APAC markets gain; cooling Japan CPI boosts risk

Asia-Pacific markets surged on Friday, mirroring Wall Street's rally overnight as investors evaluated Japan's latest inflation data.&nbsp;&nbsp;By 11:50 am AEDT (12:50 am GMT) The S&amp;P/ASX 200 rose 0.8%, The Kospi 200 gained 1%, and the Nikkei 225 climbed 0.7%.&nbsp;Japan’s October core consumer price index (CPI), which excludes volatile fresh food prices, increased by 2.3% year-on-year, slightly above the anticipated 2.2% but cooling for a second consecutive month on slower growth in energy prices.&nbsp;&nbsp;In the U.S., the Dow Jones Industrial Average advanced 462 points, or 1.1%, to 43,270.35. The S&amp;P 500 gained 0.53% to close at 5,948.71, while the Nasdaq Composite edged up 0.03% to 18,972.42.&nbsp;Top gainers included Super Micro Computer Inc, up 15.1%, Amentum Holdings Inc, lifting 10.7%, and Deere &amp; Co, adding 8.1%.&nbsp;&nbsp;Alphabet Inc led decliners, falling 4.7% and 4.6% across its share classes, followed by TransDigm Group Inc, which fell 4.1%. Chinese stocks ended modestly higher, with the Shanghai Composite and the CSI 300 both adding 0.1%.&nbsp;&nbsp;However, Hong Kong's Hang Seng Index fell 0.5%.&nbsp;Crude oil prices surged after Vladimir Putin <a href="https://azzet.com/news/putin-confirms-ballistic-missile-strike-on-ukraine">confirmed</a> the launch of a hypersonic missile into Ukraine. Brent crude rose 1.9% to $74.22 per barrel, while gold climbed 0.7% to US$2,670.06 per ounce.&nbsp;Among European markets, the FTSE 100 Index rose 0.8%, Germany’s DAX gained 0.7%, and France’s CAC 40 increased 0.2%.

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APAC markets gain; cooling Japan CPI boosts risk | Azzet™ - Where decisions are made