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Seoul tech leads Asian stock gains as traders cheer US inflation

Seoul-based technology stocks led gains across Asian markets, responding positively to new US inflation data. Traders reacted with optimism as the latest US Consumer Price Index report indicated a potential easing of inflation pressures. This development has reportedly pushed back expectations for further interest rate hikes by the US Federal Reserve in the near term.

Key points
  • Seoul-based technology stocks led gains across Asian markets, responding positively to new US inflation data.
Digital JournalAug 13, 20265 min read