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Bangkok Post
Bangkok Post
Business

Seoul leads Asian stocks higher as US inflation eases rate fears

United States Inflation Seoul Kevin Warsh US Federal Reserve Hong Kong
Federal Reserve boss Kevin Warsh warned lawmakers that despite the latest data, inflation had not been defeated yet. (Photo: AFP)

HONG KONG — Seoul led gains across Asian equity markets early Wednesday 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 United States President Donald Trump's U-turn on threats to impose levies on cargo through the Strait of Hormuz provided a little support.

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