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Asia-Pac stocks are on the front foot following the mostly positive handover from Wall St where sentiment was underpinned after softer-than-expected CPI data but with gain capped as growth and tariff concerns lingered: ASX 200 (+0.3%), Nikkei 225 (+1.1%), KOSPI (+0.8%)
ASIAN STOCKS ARE SET TO RISE AFTER US INFLATION DATA CAME IN LOWER THAN EXPECTED, HELPING WALL STREET RECOVER FROM TWO DAYS OF LOSSES, WITH US EQUITY FUTURES ALSO CLIMBING.
#Asia-Pacific stocks set to rise after soft U.S. inflation report pushes two Wall Street benchmarks up
Australian share market futures indicate modest gains as the US stock market rebounded following a rally in the technology sector. This recovery was supported by a softer-than-expected U.S. inflation report, which helped two Wall Street benchmarks rise after experiencing two days of losses. The ASX 200 is projected to increase by 0.3%, while the Nikkei 225 and KOSPI are expected to rise by 1.1% and 0.8%, respectively. Despite the positive sentiment, concerns regarding growth and tariffs continue to cap gains in the Asia-Pacific region.