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Asian stocks rise with inflation readings on tap; China lags

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Asian stocks rise with inflation readings on tap; China lags

Investing.com-- Most Asian stocks rose on Monday, extending a rebound from last week amid growing hopes that concerns over a U.S. recession were overblown, with focus turning squarely to a string of key inflation readings this week.

Regional markets took positive cues from a strong Friday close on Wall Street, which saw U.S. stock benchmarks erase all of their losses logged last week. U.S. stock index futures fell slightly in Asian trade. While recent inflation data did show some improvement, it still remained to be seen whether China’s disinflationary trend was reversing.index pointed to a soft open on Monday, as sentiment towards Indian markets was soured by new allegations against India’s securities regulator from short seller Hindenburg Research.

 

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