Branch² Intelligence
Asian shares rise post soft US CPI data, Kospi up 6%
Key takeaway
Soft US CPI data reduces Fed rate hike expectations, boosting Asian equities.
- Step 1Soft US CPI data reduces Fed rate hike expectations.
- Step 2Lower US yields weaken the dollar, easing pressure on emerging market currencies including the rupee.
- Step 3Indian SMEs benefit from lower imported input costs and improved export demand.
Source: CNBC TV18 (Markets)
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