Stocks gain after mild US inflation; yields buoyed by trade tensions

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TOKYO : Tech stocks led advances in Asia on Thursday, taking their cue from Wall Street's gains after tepid inflation data allayed concerns over the state of the U.S.economy.U.S.

Excluding the volatile food and energy components, the CPI climbed 0.2 per cent in February after gaining 0.4 per cent in January.

Cryptocurrency bitcoin added 1 per cent to around $84,000, making up additional ground following its sharp drop to a four-month trough at $76,666.98 on Tuesday.

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Category: EconomyBusiness

Markets: SingaporeAustraliaCanadaHong KongJapanSouth KoreaOmanTaiwan

Topics: Cent Yields Data Trump Tokyo Japan Inflation Thursday Tuesday Wednesday Trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 11:46:15 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 847 words

Reading Time: 5 minutes read

Sentences: 23 lines

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Copyright Owner: © Channel News Asia

News ID: 26937317

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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