Asia shares hit 15-month high as traders wait for CPI

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Key Points

SINGAPORE (Reuters) Asian shares hovered around 15-month highs on Tuesday and the dollar was firm ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying programme...

MSCIs broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023 in morning trade, as a strong rally in Hong Kong shares extended into a fourth consecutive week..

Benchmark 10-year Japanese government bond yields rose one basis point to 0.95%, the highest yield since November, and five-year Japanese yields hit 0.555%, the highest since 2011..

News and data in recent days included a third straight monthly rise in consumer prices, better than expected imports data, record low credit growth and marketing of a trillion yuan in long-data special treasury bonds...

Walking through the recent policy announcements, including the expansion of stock connect and encouraging leading enterprises to list in Hong Kong, it is hard not to come to the conclusion that top management in China intends to reinstate Hong Kongs role as an IPO hub, said OCBC analysts...

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