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The Independent UK
The Independent UK
National
Yuri Kageyama

Asian shares jump, boosted by a strong reading on US retail

Copyright 2023 The Associated Press. All rights reserved

Asian shares were mostly higher Thursday, cheered on by a stronger than expected reading on U.S. retail sales that set off a rally on Wall Street.

In the latest data on the regional economy, Japan's trade deficit reached a record 3.497 trillion yen ($26.2 billion) in January. Imports for the world’s third largest economy jumped amid higher raw material and energy costs, and a weak yen. Exports rose 3.5%.

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