Asian shares trade higher after Wall St rally takes S&P 500 near record

TOKYO  — Stocks in Asia traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1 percent of its record. Benchmarks rose in Tokyo, Seoul, Sydney, and China, where investors were focused on the release of April inflation figures. In Japan, the Finance Ministry reported a record current account surplus for the fiscal year through March, as strong auto exports whittled down its trade deficit and the nation racked up solid returns on overseas investments. However, weak consumer spending undermined that positive data. Japan’s benchmark Nikkei 225 rose 0.4 percent to 38,229.11, while Australia’s […]…

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