"Asia Markets Soar on Soft U.S. Inflation and Stimulus Measures"

Hong Kong stocks, led by the Hang Seng index and the Hang Seng Tech index, surged after positive economic data from China and a soft U.S. inflation report. Mainland China's CSI 300 index also rose, while Japan's Nikkei 225 and South Korea's Kospi recorded gains. Chinese electric vehicle stocks, including BYD, Nio, Xpeng, and Li Auto, saw an increase in share prices. Additionally, China reported better-than-expected retail sales and industrial data for October. Meanwhile, Japan's economy shrank more than expected in Q3, and oil prices remained steady as traders assessed Middle East tensions and stronger demand forecasts. Chicago Fed President Austan Goolsbee noted that inflation is cooling at a near-record pace, but further progress is needed. Market participants are optimistic and anticipate a year-end rally.