Now Reading: Asian Stocks Rise, Kospi Leads With 3.75% Gain On Tech Rally
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Asian Stocks Rise, Kospi Leads With 3.75% Gain On Tech Rally
South Korea’s Kospi surged 3.75 per cent on Monday, leading Asian equities higher as technology stocks rallied. The gains followed softer US inflation data, which eased fears that the Federal Reserve would…
The Story in Brief
South Korea’s Kospi surged 3.75 per cent on Monday, leading Asian equities higher as technology stocks rallied. The gains followed softer US inflation data, which eased fears that the Federal Reserve would raise interest rates immediately. Oil prices also eased after six straight sessions of increases. NDTV Profit reports that the broader Asian market advanced on the back of the tech rally and reduced rate-hike worries.
The Indian Opinion
The rally is being sold as proof that global anxiety over US rate hikes is overblown. But softer inflation is just one data point, not a trend. Markets have jumped on any good news before and reversed just as fast. The real test will come when the Fed releases its next minutes and signals its actual timeline.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
