Asian stock markets closed higher as investors anticipated a slowdown in U.S. inflation

Tokyo’s Nikkei closed up 327.36 points, or +1.16%, at 28,542.11 points on strong buying in tourism stocks. Investors are confident that Japan’s tourism industry will recover after the Japanese government prepared to ease immigration restrictions on foreign tourists. The gainers were Isetan Mitsukoshi Holdings+4.70%, Keisei Electric Railway+3.56%, and West Japan Railway Co.+3.37%. The losers were Chiyoda Corp.-2.38%, JGC Corp.-1.99%, and Mitsubishi Heavy Industries-1.77. %.

In Australia, the S&P/ASX 200 closed at 6,964.50, up 70.30 or +1.02%, and the All Ordinaries closed at 7,208.20, up 69.20 or +0.97%, driven by strong buying in energy and mining stocks. Investors are paying attention to Australian economic data this week. The winners were Nickel Mines+6.70%, Mesoblast+5.81%, and Gold Road Resources+5.15%. The losers were Nuix-6.40%, Sims Metal Management-2.80% and Hub24 Ltd-2.47%.

— South Korean stock markets are closed today (September 12) for Thanksgiving.

— The stock markets in China and Hong Kong are closed today (September 12) for the Mid-Autumn Festival.

Thailand rose in line with global equity markets. The SET closed at 1,665.74 points, up 11.12 points or +0.67%. The winners were PP Prime (+25%), Asia Green Energy (+15.56%), and TWZ (+14.29%). The losers were Indara Insurance-9.27%, PRG Corporation-5.30%, and Dhipaya Group Holdings-4.85%.

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