Asian stocks mildly positive amid tech strength, hot US CPI By Investing.com
From Investing.com:
Most Asian stocks inched up on Wednesday, tracking a Wall Street rally in tech shares, despite concerns over U.S. inflation affecting interest rates. South Korea’s index rose as Samsung Electronics plans to expand into AI. Hong Kong’s index remained flat with tech stocks like Baidu and BYD gaining. TSMC in Taiwan rose, boosting Australia’s market. Optimism in tech was fueled by Oracle’s strong earnings in cloud computing and plans for AI. Chinese economic worries and U.S. inflation slowed broader market growth. Japanese stocks fell as BOJ policies faced uncertainty. Traders anticipate a rate hike as talks for higher wages progress.
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