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Asian Markets React to Wall Street's Record Highs Amid US Inflation Data Anticipation
finance6 months ago

Asian Markets React to Wall Street's Record Highs Amid US Inflation Data Anticipation

Asian stocks rose slightly, driven by a tech rally on Wall Street, as investors await US inflation data to gauge the Fed's rate outlook. Nvidia's earnings, despite falling short of expectations, support ongoing AI infrastructure growth. Chinese tech stocks experienced mixed movements amid warnings from Cambricon Technologies. The US dollar declined due to expectations of rate cuts, while markets also monitor upcoming US economic data and geopolitical concerns.