Asian equity markets markets higher after strong lead from Wall Street on better US CPI

The US inflation report for June was a good 'un, the CPI lower than expected:

• US June CPI y/y 3.0% versus 3.1% expected

• Goldman Sachs response to the US CPI report - affirms a final FOMC rate hike July
• JP Morgan response to the US June CPI report - soft landing path a "smidgeon" wider

US equities liked it:

• US stocks close higher for the 3rd consecutive day

And the up moves have carried over to Asia:

• Japan’s Nikkei 225 +1.1%

• China’s Shanghai Composite +0.2%

• Hong Kong’s Hang Seng +1.7%

• South Korea’s KOSPI +0.7%

• Australia’s S&P/ASX 200 +1.2%