Stocks Gain After Mild Us Inflation Yields Buoyed By Trade Tensions

Tech stocks led advances in Asia on Thursday, taking their cue from Wall Streets gains after tepid inflation data allayed concerns over the state of the US economy.

US Treasury yields remained elevated after pulling further away from recent lows the day before, on escalating tit-for-tat tariff battles between the United States and trading partners.

The euro was steady after slipping back from a five-month high on Wednesday, when President Donald Trump warned of a response to the European Unions threatened counter-tariffs on U.S. goods. However, the shared currency continued to garner support from signs of progress towards peace between Russia and Ukraine.

Gold climbed to within 13 of its record peak, while crude oil was stable following a 2 climb in the prior session on the back of a smaller-than-expected rise in U.S. stockpiles. O/R

Japans Nikkei .N225 gained 0.9, buoyed by advances in chip-sector heavyweights such as Advantest and Tokyo Electron.