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Stock market today: Asian shares rise with eyes on prices, war in the Middle East
Asian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas
The ongoing war in the Middle East between Israel and Palestinian Hamas militants continues to dominate market sentiments across the world, especially in Asia. The shares have been mostly volatile in the overhang of impending U.S. consumer price data and the war.
The world's attention is riveted on the action in the West Asian deserts amid fear that Israeli Prime Minister Benjamin Netanyahu could order ground troops into the Gaza Strip witnessing continuous aerial bombardment. The markets are worried about the conflict's impact on energy prices and the potential of the war spreading to new theaters.
Japan's Nikkei 225 rose 1.8% on Thursday to scale 32,494.66 while Sydney's S&P/ASX 200 edged up by 0.1% to 7,091.
Kospi, the South Korean benchmark, gained 1.1% to touch 2,477.54 while Hong Kong's Hang Seng surged 2.2% to hit 18,283.66. China's Shanghai Composite increased by 0.9% to touch 3,106.21, according to a report.