Branch² Intelligence
Asian stocks today: Kospi, Nikkei rally up to 6% after soft US inflation data eases rate hike concerns
Key takeaway
US inflation data softer than expected, easing Fed rate hike fears.
- Step 1US April CPI below consensus, reducing Fed rate hike expectations.
- Step 2Dollar weakens, Asian currencies strengthen; imported input costs for Indian SMEs decline.
- Step 3Indian SMEs in import-dependent sectors (electronics, chemicals, machinery) see margin improvement as rupee stabilizes.
Source: LiveMint Markets
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