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Asian stocks rally ahead of key US inflation data

HONG KONG: Asian stocks largely continued a global rally on Tuesday, ahead of the release of key United States consumer price data that is expected to show slightly slowing inflation in the world's largest economy.

Stocks rose in Japan, Australia, Singapore and Taiwan, with South Korea and Shanghai also gaining after reopening following a public holiday. European stocks were steady at the open.

A currency trader watches computer monitors near screens showing foreign exchange rates at a foreign exchange dealing room in South Korea’s capital Seoul on Tuesday, Sept. 13, 2022. AP PHOTO