Stock market today: Asian markets follow Wall Street higher ahead of key inflation update

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Inflation Nieuws

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Asian stocks have advanced after a rally on Wall Street took the Nasdaq composite to a record high. U.S. futures and oil prices also gained. Markets in Hong Kong and Seoul were closed for holidays. Investors were reviewing a mixed report on inflation and awaiting an even more important update on consumer prices later Wednesday.

A person on a bicycle pauses in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, May 15, 2024, in Tokyo. A person looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, May 15, 2024, in Tokyo. A person stands in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, May 15, 2024, in Tokyo.

In China, the Shanghai Composite index slipped 0.5% to 3,129.81 after the central bank kept a key lending rate unchanged Wednesday, signaling Beijing’s focus on maintaining monetary stability.Markets in South Korea and Hong Kong were closed for a holiday. Bond yields edged lower. The yield on the 10-year Treasury slipped to 4.43% Wednesday from 4.49% late Monday.

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