Asian stocks rise with inflation in focus; China dips on US jitters
Investing.com-- Most Asian stocks rose on Tuesday tracking an overnight rebound in Wall Street as investors looked to upcoming inflation data for more cues on interest rate cuts.
Other Asian markets were encouraged by overnight gains on Wall Street, as U.S. stocks recovered some measure of bruising losses clocked last week. Focus this week is squarely on key consumer price index inflation data that is likely to factor into the outlook for interest rates. The bill still needs to clear the Senate, and is part of the Biosecure Act- which is aimed at limiting access to Americans’ medical and genetic data, which could potentially present a national security threat.
Losses in biotech spilled over into broader Chinese stocks, given that the bill also heralds a worsening in Sino-U.S. relations.
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