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Asian markets surge after lower U.S. inflation eases rate-hike fears

Por: MarketWatch Business November 11, 2022

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The Kospi in Seoul rose 2.8% and Sydney’s S&P/ASX 200 was 2.4% higher. Stocks rose in New Zealand , Singapore , Malaysia , Taiwan and Indonesia . Wall Street’s benchmark S&P 500 index soared 5.5% on Thursday for its best day in 2 1/2 years after the government reported consumer prices rose 7.7% over a year ago in October. That was lower than the 8% expected by economists and the fourth month of decline. The announcement “drove a ‘more... + full article



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