Asian Stocks Rise on Earnings, China Struggles with Disinflation
TL;DR Summary
Most Asian stocks recovered slightly on Thursday, driven by positive earnings reports, although concerns over China's weak inflation data limited gains. Chinese stocks lagged behind as the country fell back into disinflation territory, indicating further economic weakness. Japan and Australia saw strong gains due to robust earnings, while South Korea and India also showed positive signs. However, hawkish comments from US Federal Reserve officials raised doubts about future interest rate hikes, and the weak economic outlook for China poses additional challenges for the region.
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