Asian stocks rise on positive cues from Wall Street, with focus on U.S. inflation data

From Investing.com: 2024-08-11 22:35:38

Most Asian stocks rose on Monday, with hopes rising that concerns over a U.S. recession were overblown. Chinese markets lagged amid economic slowdown worries. Positive cues from Wall Street boosted regional markets. Focus on U.S. inflation data for Fed rate cut hints. South Korea’s market led gains, while Australia and Southeast Asia also rose.

Chinese stocks moved flat-to-low, with Hong Kong Index falling. Concerns over China’s economic recovery persist. Earnings from big internet firms like Tencent, Alibaba, and JD.com awaited. Inflation data showed improvement, but trend reversal uncertain.

Indian markets may open soft amid Hindenburg-SEBI dispute. Short seller alleges SEBI chief invested in Adani Group-linked funds. Nifty near record highs, but volatility risk high. SEBI advises caution in response to Hindenburg reports. India’s inflation data also awaited for price pressure insights.



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