Asian Shares Climb As US Senate Passes Bill To End Shutdown

Economic and Market Sentiment - Asian stocks advanced following the U.S. Senate's bipartisan vote to end the government shutdown, which lasted 40 days, with the legislation now moving to the House of Representatives for consideration [1] - China's producer price deflation eased in October, while consumer prices returned to positive territory, with the Shanghai Composite index rising 0.53 percent to 4,018.60 [2] - Consumer price inflation in China unexpectedly rose by 0.2 percent in October after a 0.3 percent decline in the previous month, contrary to analysts' expectations of no change [2][3] Stock Market Performance - Hong Kong's Hang Seng index increased by 1.55 percent to 26,649.06, rebounding from previous sell-offs [3] - The Nikkei average in Japan climbed 1.26 percent to 50,911.76, with significant gains in the technology sector, while the broader Topix index settled 0.56 percent higher at 3,317.42 [4] - Seoul's Kospi average surged 3.02 percent to 4,073.24, driven by renewed optimism over AI and expectations of tax cuts [4] Company-Specific Developments - SoftBank Group's stock rallied by 2.6 percent, while Tokyo Electron surged 4.3 percent and Advantest added 3.8 percent [4] - Samsung Electronics rose by 2.8 percent and SK Hynix surged 4.5 percent, following Nvidia CEO's comments on strong demand for their Blackwell chips [5] - Honda Motor's stock slumped by 4.7 percent after the company cut its annual earnings forecast [4] Commodity and Currency Movements - Australian markets ended higher, with the S&P/ASX 200 rising 0.75 percent to 8,835.90, supported by a rally in gold, energy, and bank stocks [6] - Gold prices increased nearly 2 percent to $4,080 an ounce, aided by a weaker dollar in Asian trade [7]