U.S. data that showed further cooling in inflation, boosting investors’ optimism that central banks may be nearing an end to their cycle of raising interest rates.

Athe United States previously announced a series of better-than-expected data, suggesting that the economic strength is still hot, the latest US Federal Reserve (Fed) preferred inflation index, the increase in the price index for personal consumption expenditures (PCE) in May Significantly reduced, so that investors a little relieved.

Strong economic growth data and a drop in U.S. jobless claims once fueled expectations among market participants that the Fed may have to keep raising interest rates to keep prices in check.

The three major U.S. stock indexes closed significantly higher on June 30, and the market capitalization of iPhone maker Apple (Apple) even surpassed US$3 trillion (approximately NT$93 trillion) at the close for the first time, and it was also the first company in history to reach this milestone .

Driven by technology stocks, the S&P 500 index and the Nasdaq index of US stocks rose sharply at the end of the 30th. Despite a series of interest rate hikes by the Federal Reserve and the crisis in U.S. regional banks, the two indexes have managed to post impressive gains in the first half of this year.

Asian shares tracked U.S. stocks at the end of last week, closing broadly higher today

The optimism in US stocks has spread to Asia today, and technology stocks are also big winners. Hong Kong shares closed up 2.1 percent, Shanghai rose 1.3 percent, Seoul and Taipei closed up at least 1 percent, while Sydney, Singapore, Manila, Bangkok and Jakarta all closed higher.

The Bank of Japan released today a closely watched corporate tankan survey report, showing that the confidence of Japan’s large manufacturers has strengthened for the first time since seven quarters. Tokyo shares closed up 1.7 percent in response.