Asian markets mostly mirrored positive strides on Wall Street in early trade Thursday, as easing US consumer inflation buoyed hopes that a big interest rate cut was around the corner and economic growth in Japan outpaced expectations.
The eagerly awaited US consumer price index (CPI) data showed a 2.9 percent rise last month from a year ago -- its smallest 12-month increase since March 2021 -- setting the stage for the Federal Reserve to start cutting interest rates.
