Asian markets up amid slower US inflation

By Agence France-Presse

Nov 12, 2022 12:08 am

HONG KONG: Asian markets surged on Friday after a bumper session on Wall Street as lower US inflation dimmed expectations of more aggressive Federal Reserve (Fed) rate hikes.

Hong Kong stocks rocketed 6 percent at the open while Tokyo's key Nikkei index jumped more than 3 percent, although both had retreated slightly by mid-morning.

UPBEAT FRIDAY Pedestrians walk past an electronic sign showing the current numbers on the Tokyo Stock Exchange along a street in downtown Tokyo on Friday, Nov. 11, 2022. Asian markets surged on Friday after a bumper session on Wall Street as lower US inflation dimmed expectations of more aggressive Federal Reserve rate hikes. AFP PHOTO

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