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Bangkok Post
Bangkok Post
Business

REVEALED: Seoul leads asian stocks higher as us inflation eases rate fears | Rare Historical Photos

Federal Reserve boss Kevin Warsh warned lawmakers that despite the latest data, inflation had not been defeated yet. (Photo: AFP)

HONG KONG — Seoul led gains across Asian equity markets early Wednesday as tech firms bounced back following a softer-than-expected US inflation print that soothed worries about a possible interest rate hike this month.

The mood was also lifted by strong Wall Street earnings, while United States President Donald Trump's U-turn on threats to impose levies on cargo through the Strait of Hormuz provided a little support.

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