05:36 AM EST, 12/23/2024 (MT Newswires) -- Most Asian bourses bounced back in the green at Monday's close, buoyed by softer inflation data in the US.

The core personal consumption inflation, the US Fed's preferred inflation gauge, rose 0.1% to 2.4% in November, its smallest monthly rise in six months.

Tokyo and Hong Kong closed higher, while Shanghai remained in the red.

In Japan, the Nikkei 225 advanced by 1.2%, or 459.44 points, to close at 39,161.34.

Top gainers include Mitsubishi Motors, which rose 5.3%, while Astellas Pharma declined by 1.5%.

In Hong Kong, the Hang Seng Index closed 0.8% higher by 162.43 points to 19,883.13. The Hang Seng TECH Index was up 0.3%, while the Mainland Properties Index advanced by 0.9%.

The Shanghai Composite Index fell by 0.5% to 3,351.26.

Leading the upside was Orient Overseas International, which rose by 6.2%, while top losers include Sunny Optical Technology Group, with a 4.3% decline.

In other regional news, data from the People's Bank of China showed that China's financial institutions logged an annual 8% increase in assets to 489.2 trillion yuan as of the end of Q3.

On the other regional exchanges, the S. Korean KOSPI rose 1.6%; the Taiwan TWSE added 2.6%; the Australian ASX 200 was up 1.7%; the Singapore Straits Times Index rose 0.9%, and the Thai Set added 1.6%.