Investing.com - Asian shares rose on Thursday with Australia at a six-year high on resources stocks.
The S&P/ASX 200 rose by as much as 0.8%, placing it marginally above its April peak of 5,554.5, as the market reacted well to a strong overnight session in the U.S.
Miners in Australia were adding to gains from the previous session, brought about by healthy production reports and better-than-expected Chinese growth data for the second quarter. Fortescue Metals Group Ltd (ASX:FMG) added 4.6% and Rio Tinto Ltd (ASX:RIO) was up 2%.
Also in Sydney, shares in Woodside Petroleum Ltd (ASX:WPL) rose 1.3% after the company said its sales revenue jumped 25% in the second quarter and improved its production guidance.
Elsewhere in Asia, South Korea''s KOSPI gained 0.5% and Japan''s Nikkei 225 rose 0.4%.
In corporate news, shares in Fuji Heavy Industries added 0.7% after a Nikkei report said that the manufacturer of Subaru cars likely saw operating profit climb 15% on a year-to-year basis to about Y80 billion ($786 million) this past quarter.
Overnight, upbeat earnings from chipmaker Intel Corporation (NASDAQ:INTC)n and mixed-but-solid economic indicators in the U.S. sent Wall Street stock indices rising.
The Dow 30 rose 0.45%, the S&P 500 index rose 0.42%, while the NASDAQ Composite index rose 0.22%.
U.S. data boosted spirits as well, especially news that U.S. wholesale prices rose more than expected in June.
The U.S. producer price index rose by 0.4% in June from May, according to the U.S. Bureau of Labor Statistics, beating market calls for a 0.2% uptick.
Core producers prices rose 0.2%, in line with market expectations.
Elsewhere, the Federal Reserve reported that U.S. industrial output rose 0.2% in June, missing consensus forecasts for a 0.4% reading, though expanding nonetheless.
On Thursday, the U.S. to publish reports on initial jobless claims, housing starts, building permits, and the Philly Fed manufacturing index.
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