Asian shares rose to fresh seven-month highs on Wednesday as global investors took heart from signs of progress in US-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark.

Asian shares near seven-month highs, investors pause for breath

Analysts had expected October's retail inflation at 3.46 percent, up from 3.28 percent in September.

India's core consumer price inflation seen at around 4.5 percent in October

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Asian shares near seven-month highs, investors pause for breath

India's core consumer price inflation seen at around 4.5 percent in October