Asian shares surge after three-session decline

Asian markets opened higher, following sessions of losses, buoyed by Wall Street's last week gains despite sluggish U.S. CPI data.

U.S. inflation data dashed lower and dragged down chances of a Federal Reserve rate hike, while Tokyo stocks fell regardless of positive economic quarterly growth data.

Japanese shares decreased, as TOPIX fell 0.86% or 10.76 points to 1,234.34, while Nikkei 225 dropped 0.90% or 177.33 points to 19,552.41.

Chinese CSI 300 increased 0.49% or 17.97 points to 3,665.32, while Shanghai advanced 0.08% or 2.57 points to 3,211.12.

Hong Kong’s Hang Seng rose 0.97% or 260.45 points to 27,143.96, while South Korea’s KOSPI gained 0.52% or 12.01 points to 2,331.72.

New Zealand’s NZX 50 advanced 0.42%, or 32.46 points to 7,751.57, and finally Australia’s S&P/ASX 200 increased 0.60% or 34.16 points to 5,727.30.