Japanese equities climbed as investors assessed data showing a decline in US industrial production and resilience in retail sales.
The Topix Index rose 1% to 2,274.57 as of 9:02 a.m. Tokyo time, while the Nikkei advanced 1% to 32,825.12.
Toyota Motor Corp. contributed the most to the Topix Index gain, increasing 1.7%. Out of 2,156 stocks in the index, 1,883 rose and 117 fell, while 156 were unchanged.
"US retail sales are growing even under these inflationary conditions," said Mitsushige Akino, senior executive office at Ichiyoshi Asset Management. "Moreover, inflation which was a headwind, has slowed down."
Source : Bloomberg
