Seoul leads Asian stocks higher as US inflation eases rate fears
- HONG KONG: Seoul led gains across Asian equity markets on Wednesday (Jul 15) as tech firms bounced back following a softer-than-expected US inflation print that soothed worries about a possible interest rate hike this month.
- The mood was also lifted by strong Wall Street earnings, while US President Donald Trump's U-turn on threats to impose levies on cargo through the Strait of Hormuz provided a little support.
- Still, oil prices extended their rally Wednesday as American forces again hit Iranian sites and the US president reimposed a naval blockade of ships sailing to and from the country's por
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- HONG KONG: Seoul led gains across Asian equity markets on Wednesday (Jul 15) as tech firms bounced back following a softer-than-expected US inflation print that soothed worries about a possible interest rate hike this month.
- The mood was also lifted by strong Wall Street earnings, while US President Donald Trump's U-turn on threats to impose levies on cargo through the Strait of Hormuz provided a little support.
- Still, oil prices extended their rally Wednesday as American forces again hit Iranian sites and the US president reimposed a naval blockade of ships sailing to and from the country's por
Sources: CNA