A shopper checks out the meat section of a supermarket in Millbrae, California on Wednesday, Aug. 10, 2022 (August 11 in Manila). XINHUA PHOTO
HONG KONG: Asian markets rallied on Thursday as investors let out a sigh of relief after government data showed that United States inflation is finally easing from a four-decade high, giving the Federal Reserve (Fed) some room to slow down its pace of interest rate hikes.