Asian stocks rise The official Saudi Press Agency

Asian stocks rise The official Saudi Press Agency

BEIJING, April 14, 2023, SPA -- Asian stock markets followed Wall Street higher Friday after United States inflation eased in March and China reported unexpectedly strong exports, the Associated Press (AP) reported.

Shanghai, Tokyo and Seoul advanced. Hong Kong was unchanged. Oil prices rose.

The Shanghai Composite Index advanced 0.3% to 3,329.38.

The Nikkei 225 in Tokyo gained 1% to 28,449.50. The Hang Seng in Hong Kong held steady at 20,344.11.

The Kospi in Seoul, South Korea, advanced 0.6% to 2,578.41 and Sydney's S&P/ASX 200 was 0.5% higher at 7,359.10.

In energy markets, benchmark US crude rose 36 cents to $82.52 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.10 on Thursday to $82.16. Brent crude, the price basis for international oil trading, gained 31 cents to $86.40 per barrel in London. It lost $1.24 the previous session to $86.09.

The dollar fell to 132.50 yen from Thursday's 132.77 yen. The euro gained to $1.1068 from $1.1046.

--SPA

11:44 LOCAL TIME 08:44 GMT

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