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International Business Times
International Business Times
Business
AFP News

Asian Stocks Mixed After US Inflation Data, Oil Flat

United States Inflation Asia Oil Lai ChingTe DPP Yemen
Stocks rose in Taipei after Lai Ching-te won Taiwan's presidential election but saw his party lose its parliamentary majority, leading analysts to say it would likely see more compromises regarding relations with China (Credit: AFP)

Asian markets were mixed Monday as traders weighed US inflation data that revived hopes for an early interest rate cut, but gains were tempered by geopolitical worries after fresh US-UK strikes on Huthi targets in Yemen.

The new raids on the Iran-backed rebels came after they threatened further attacks on Red Sea shipping in response to similar moves by Western forces on Friday.

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