Asian stocks gain after Wall St swingsAP, BEIJINGAsian stock markets on Friday surged after Wall Street on Thursday rebounded from a slump caused by worse-than-forecast inflation numbers. Markets in Taipei, Japan, Hong Kong and Shanghai all rose a day after Wall Street’s benchmark S&P 500 index tumbled following reports that the US consumer price index for last month rose 8.2 percent. The market benchmark quickly rebounded to end up 2.6 percent for its biggest daily gain in two-and-a-half years. Also on Friday, China reported consumer inflation rose to a 29-month high of 2.8 percent last month from the previous month’s 2.5 percent. Prices last month rose 0.6 percent from the previous month.


Source:   Taipei Times
October 15, 2022 18:52 UTC