Asia stocks rally, dollar restrained before inflation test

Business 09:44 12 Sep, 2022
Holidays in China and South Korea made for slow trading
Asia stocks rally, dollar restrained before inflation test

Asian share markets rallied on Monday on hopes a key reading on U.S. inflation will show some cooling, while the U.S. dollar was restrained by the risk of higher European interest rates and Japanese intervention.

Holidays in China and South Korea made for slow trading, while traders were unsure what implications Ukraine's surprising success against Russian forces might have, Qazet.az reports.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.5%, having bounced modestly from a two-year low hit last week. Japan's Nikkei (.N225) added another 1.1%, after rallying 2% last week.