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Asian stocks surge after lower US inflation eases rate fears

Por: ABC News Business November 11, 2022

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BEIJING -- Asian s surged Friday after U.S. inflation eased by more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes.Hong Kong's market benchmark jumped 5.4%. Seoul and Sydney rose almost 3%. Shanghai and Tokyo also advanced. Oil prices edged higher.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... + full article



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