Ahead of Important US Inflation Data, Asian Stocks Rise – Asia Market Wrap

Following Wall Street’s advances, Asian stocks increased as attention turned to important US consumer pricing data that is expected later this Friday.
Benchmarks from South Korea, Japan, and China’s mainland all saw slight increases following the strong close of the first quarter for US stocks. Investors are waiting for the Federal Reserve’s preferred consumer price reading to be published in order to get new information regarding the organization’s policy outlook.

Friday is a public holiday in some Asian markets, including Singapore, Hong Kong, and Australia.

Gains in the area occurred as traders helped push the S&P 500 to its 22nd record of the year, supported by data indicating the US economy remained robust. Doomsayers have been taken aback by the $4 trillion increase in US market prices in only three months, and many analysts are rushing to adjust their 2024 projections.