Asian stocks rise to 7-month highs, hot inflation boosts Australian dollar

reuters.com/markets/global-markets-wrapup-1-2023-01-25

Asian equities extended their winning run to scale their highest levels in seven months on Wednesday, with South Korean stocks leading the way, and the Australian dollar hit multi-month highs as surging inflation made higher interest rates more likely.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) advanced 0.4% to a seven-month high, with South…

This story appeared on reuters.com, 2023-01-25.
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