Hong Kongs Hang Seng rises as Asia markets gain; logistics firm GoGoX pops in debut

Hong Kong’s Hang Seng rises as Asia markets gain; logistics firm GoGoX pops in debut.

Hong Kong, Hang Seng, logistics firm GoGoX

Logistics company GoGoX climbed as high as 22.90 Hong Kong dollars ($2.92) in its stock market debut in the city. The offer price was 21.50 Hong Kong dollars.

Core consumer prices in Japan rose 2.1% for the month of May compared to a year earlier, in line with estimates, according to Reuters. That’s above the Bank of Japan’s target of 2% inflation. However, consumer prices only rose 0.8% if fresh food and energy was taken out, Reuters said.

The Dow Jones Industrial Average climbed 194.23 points, or 0.64%, to 30,677.36. The S&P 500 advanced 0.95% to 3,795.73, and the Nasdaq Composite gained 1.62% to 11,232.19.

The Japanese yen strengthened to 134.86 per dollar, recovering from the 136 levels against the greenback earlier this week. The Australian dollar was at $0.6909, having mostly been on a weakening trend this week.

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