Tokyo stocks hit seven-month high after better US inflation data

TOKYO, Aug 12 (KUNA) -- Tokyo stocks rebounded Friday, sending a key index to end at a seven-month high following a softer-than-expected inflation US inflation data.
The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) gained 727.65 points, or 2.62 percent, from Wednesday to 28,546.98, its highest finish since Jan. 12.
The broader Tokyo Stock Price Index, which includes all shares on the market's First Section on the TSE, was also up 39.53 points, or 2.04 percent, to 1,973.18. Japanese financial markets were closed Thursday for a national holiday.
On Wednesday, the US Labor Department announced that the Consumer Price Index rose 8.5 percent year-on-year in July, a slowdown from the 9.1 percent increase in June.
Following the report, major US benchmarks, including the Dow Jones Industrial Average, the S&P 500 index and the Nasdaq Composite, ended higher. (end) mk.mt