Japan stocks lift Asian market higher after US retail data boost Wall Street

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Japanese stocks are leading gains in Asian markets after Wall Street close to its record heights as data showed the U.S. economy is holding up better than expected.

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index , top left, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 16, 2024.

The Hang Seng in Hong Kong added 1.6% to 17,376.44, and the Shanghai Composite index edged 0.1% higher to 2,879.93. In South Korea, the Kospi jumped 1.8%, to 2,692.65. Australia’s S&P/ASX 200 advanced 1.3% to 7,962.40.

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