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Asian Stocks Diverge as US Inflation Data and Rate-Hike Fears Temper Tech Rebound

By ChordNews · First written

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Summary

Asian stocks diverged ahead of the European market open on Wednesday, November 11. Renewed optimism over the AI trade was offset by US inflation data that topped forecasts and the prospect of a bumper interest rate hike next month.

This continues an earlier story: Tech Rout Sends Asian and European Stocks Tumbling After US Midterm Results

Timeline

  1. Euronews

    Source ↗

    Euronews reports that Asian stocks diverged ahead of the European market open on Wednesday, as renewed optimism over the AI trade was offset by forecast-topping US inflation data and the prospect of a bumper interest rate hike next month.

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