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Asian stocks up after US inflation fuels rate hike fears

Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) FILE - A Wall Street sign hangs in front of the New York Stock Exchange in New York, on June 14, 2022. Stocks are opening broadly lower on Thursday, July 14, 2022, on Wall Street after another hot reading on inflation, this time for wholesale prices, has investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/Seth Wenig, File) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Pedestrians walk past the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) A man wearing a protective mask walks in front of an electronic stock board showing Japan's stock prices at a securities firm Friday, July 15, 2022, in Tokyo. Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home.(AP Photo/Eugene Hoshiko) A person wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, July 15, 2022, in Tokyo. Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home. (AP Photo/Eugene Hoshiko) A person wearing a protective mask walks in the rain in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, July 15, 2022, in Tokyo. Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home.(AP Photo/Eugene Hoshiko) A person wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, July 15, 2022, in Tokyo. Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home. (AP Photo/Eugene Hoshiko) Pedestrians walk past the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Pedestrians walk past the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Pedestrians walk past the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Pedestrians walk past the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Pedestrians walk past the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Pedestrians walk past the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) Statues adorn the facade of the New York Stock Exchange Thursday, July 14, 2022, in New York. Stocks fell broadly in morning trading on Wall Street Thursday after another hot reading on inflation had investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/John Minchillo) FILE - A Wall Street sign hangs in front of the New York Stock Exchange in New York, on June 14, 2022. Stocks are opening broadly lower on Thursday, July 14, 2022, on Wall Street after another hot reading on inflation, this time for wholesale prices, has investors bracing for another big interest rate hike from the Federal Reserve later this month. (AP Photo/Seth Wenig, File) FILE - Pedestrians walk past the New York Stock Exchange on Friday, July 8, 2022, in New York. Stocks are falling on Wall Street on Wednesday, July 13, 2022, after a highly anticipated report on inflation turned out to be even worse than expected. (AP Photo/John Minchillo, File) Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 14, 2022. Asian stock markets rose Thursday despite a record-setting U.S. inflation report that pointed to more possible interest rate hikes that investors worry will chill economic growth. (AP Photo/Ahn Young-joon) Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 14, 2022. Asian stock markets rose Thursday despite a record-setting U.S. inflation report that pointed to more possible interest rate hikes that investors worry will chill economic growth. (AP Photo/Ahn Young-joon) A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 14, 2022. Asian stock markets rose Thursday despite a record-setting U.S. inflation report that pointed to more possible interest rate hikes that investors worry will chill economic growth. (AP Photo/Ahn Young-joon)
Asian stocks up after US inflation fuels rate hike fears