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ASX soars 2.8pc as Asian stocks join global relief rally

November 11, 2022
Source: afr.com afr.com
News Snapshot:
Sharemarkets across Asia were swept up in the global relief rally on Friday after softer-than-expected US inflation data spurred bets that the Federal Reserve will slow the pace of its aggressive policy tightening. A call by leaders in Beijing for more precise and targeted COVID-19 restrictions also buoyed sentiment. China on Thursday reported its highest nationwide virus cases since April. Japan’s Nikkei 225 index was on track to post a 2.9 per cent gain, while Hong Kong’s Hang Seng roared 5.7 per cent higher. South Korea’s Kospi index jumped 3.1 per cent. The S & P/ASX 200 soared 2.8 per...
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Tags: ASIA | bank | Beijing | block | China | Covid-19 | data | Hang Seng | index | inflation | investment | shares | stocks | strategy | technology | virus

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