Asian investors brushed aside worries over continuously rising Chinese inflation today, focusing instead on bargain shopping. Energy companies were a major attraction as oil prices surged. Hong Kong’s Hang Seng Index climbed 1.1% and China’s Shanghai Composite Index advanced 0.9%. In Japan the Nikkei 225 Index edged up 0.6%.
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Higher Oil Prices Send Asian Shares Up originally appeared on DailyFinance on Wed, 16 Feb 2011 07:10:00.