Branch² Intelligence
Global Market Today: Asian stocks rise after soft US CPI, Kospi rallies
Key takeaway
US CPI softens, boosting Asian equities and tech stocks.
- Step 1US CPI softens, reducing Fed rate hike expectations.
- Step 2USD weakens, boosting Asian equities and lowering INR import costs.
- Step 3Oil prices rise on Middle East tensions, increasing input costs for Indian SMEs.
Source: Economic Times Markets
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