Stock rally loses steam in Asia as U.S. inflation test looms

Published by
Reuters

By Kevin Buckland TOKYO (Reuters) – A tech-fuelled global stocks rally cooled in Asia on Thursday as investors took a more cautious posture amid uncertainties around the outlook for inflation and interest rates. World bond yields continued to ease from multi-year highs and the dollar trod water ahead of the closely watched U.S. inflation report due later in the day that should offer new clues on the pace of Federal Reserve interest rate hikes. The performance in Asian stocks was sharply divided between Chinese equities and the rest of the region. Chinese blue chips lost 0.75% and Hong Kong’s H…

Read More