Asian markets rise on outlook hope but eyes on inflation


Source: digitaljournal.com digitaljournal.com

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Hong Kong stocks led Asian markets lower after the United States revoked China Telecom's licence - Copyright AFP Marty MELVILLE Asian markets edged up as investors remained bullish about the outlook for the global economy while the dollar extended gains at the end of a week that saw inflation in the United States and China hit highs not seen in decades. A respite in the crisis surrounding troubled Chinese developer Evergrande, and reports that Beijing was planning to ease financial rules on the property sector, also provided some much-needed support to the region. Wall Street offered a broadly upbeat lead...