Asia-Pacific markets rise -

Asia-Pacific markets rose on Friday after more inflation data out from the US came in softer than expected, raising optimism that inflation could come down without weakening the labor market, reports CNBC.
The US producer price index rose in June less than anticipated, climbing 0.1 per cent year on year, while core PPI, which strips out volatile food and energy prices, climbed 0.1 per cent -- also lower than expectations.
Australia's S&P/ASX 200 climbed 0.78 per cent and closed at 7,303.1 to cap off a whole week of gains, after the government appointed its central bank deputy governor Michele Bullock as the next governor for the Reserve Bank of Australia, to succeed incumbent Philip Lowe.
In Japan, the Nikkei 225 fell marginally to end at 32,391, while the Topix was also closed 0.7 per cent down to end at 2,239.1 as investors digested its industrial production release for May. On a weekly basis, the Nikkei was mostly flat, while the Topix was down 0.63 per cent.
South Korea's Kospi rose 1.43 per cent to close at 2,628.30, leading gains in the region and the Kosdaq inched 0.36 per cent higher to finish at 896.28. The Kospi is close to its 2023 high of 2,641.16.
Hong Kong's Hang Seng index gained 0.21 per cent in its final hour of trade, continuing the rally seen on Thursday.