Asian shares buoyed by Wall Street’s winning week as inflation eases

11 months ago
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Asian shares experienced a significant surge on Friday, following the positive momentum in Wall Street, which extended its winning streak for the fourth consecutive day.

The market was buoyed by encouraging signals indicating a potential easing of inflation.

During morning trading, Japan’s benchmark Nikkei 225 rose by 0.2% to reach 32,493.82. Australia’s S&P/ASX 200 climbed by 0.9% to reach 7,309.50, the Associated Press reported.

South Korea’s Kospi saw a jump of 1.1% to reach 2,620.10. Hong Kong’s Hang Seng edged up by 0.5% to reach 19,443.13, while the Shanghai Composite added 0.3% to reach 3,245.15.

READ MORE: https://apnews.com/article/stock-market-inflation-rates-fed-6b28f584eb43942b15bf671db719f783

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