Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, boosted by strong gains in Japan and South Korea amid a rebound in technology and semiconductor stocks after the recent sell-off on concerns over rising costs of financing AI investments. Asian markets ended mostly lower on Thursday.

Despite the hotter-than-expected US inflation data released over the past two days, CME Group’s FedWatch Tool suggests the US Federal Reserve is still likely to leave rates unchanged later this month.