Economic TimesLean R·
Global Market Today: Asian stocks rise after soft US CPI, Kospi rallies
Asian shares advanced as softer US inflation data eased rate hike concerns. The artificial intelligence trade gained renewed strength, boosting technology stocks significantly. Oil prices rose for a third consecutive day due to escalating Middle East tensions. Investors are closely watching the semiconductor sector after a volatile trading session. Fed officials reiterated their commitment to controlling inflation despite recent positive data.
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