Asian stocks rise after US inflation data clears way for rate cut

Quick Summary:

The Communist party’s politburo, which is led by Xi Jinping, changed its monetary policy stance on Monday to “moderately loose” from “prudent” for the first time in 14 years.

The inflation numbers play to more continued easing — it’s a not-too-hot, not-too-cold scenario and that’s good for markets.

Taiwan’s benchmark stock index rose 0.6 per cent, while South Korea’s Kospi was up 1.1 per cent.

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Article Details

Author / Journalist: Arjun Neil Alim

Category: MarketsFinanceInvesting

Markets: United StatesChinaHong KongJapanSouth KoreaTaiwan

Topics: Index Cent Stocks Japan Inflation Points Rose Financial Asian Markets Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 05:58:48 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24369968

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