The Nikkei index rose 0.9% to 49,443.48 points, following Wall Street's overnight gains, which were boosted by lower-than-expected US inflation data. Chris Beauchamp, IG's chief market analyst, said: “Investors are of course eager to see data supporting the argument that the Federal Reserve will continue to cut interest rates next year. “The chief market analyst added that this CPI data “confirms this very well, but the risk is that uncertainty surrounding price trends will hurt hopes for further interest rate cuts next year. “In Japan's benchmark stock index, SoftBank Group, Takeda Pharmaceuticals, and Mazda had the highest gains, rising 3.5%, 3.3%, and 3.35%, respectively.

The Nikkei index rose 0.9% to 49,443.48 points, following Wall Street's overnight gains, which were boosted by lower-than-expected US inflation data. Chris Beauchamp, IG's chief market analyst, said: “Investors are of course eager to see data supporting the argument that the Federal Reserve will continue to cut interest rates next year. “The chief market analyst added that this CPI data “confirms this very well, but the risk is that uncertainty surrounding price trends will hurt hopes for further interest rate cuts next year. “In Japan's benchmark stock index, SoftBank Group, Takeda Pharmaceuticals, and Mazda had the highest gains, rising 3.5%, 3.3%, and 3.35%, respectively.