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The Independent UK
The Independent UK
National
Joe McDonald

Asian stocks gain after Wall St rebounds from inflation jolt

Copyright 2022 The Associated Press. All rights reserved

Asian stock markets surged Friday after Wall Street rebounded from a slump caused by worse-than-forecast inflation numbers.

Japan's market benchmark soared 3.5%. Hong Kong jumped 3.9% and Shanghai also rose. Benchmark U.S. crude oil rose $2 per barrel. U.S. futures were also sharply higher.

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