Asian markets are generally higher, following the gains of Wall Street

BANGKOK (AP) — Stocks rose Friday in Asia after news of slowing U.S. consumer inflation last month pushed Wall Street benchmarks higher.

Tokyo’s Nikkei 225 index fell 1% to 26,174.88 on speculation that the Bank of Japan may cave in and tighten ultra-loose monetary policy as the yield on Japanese 10-year government bonds fell. been pushed past the central bank’s 0.5% cap on the sell-off ahead of next week’s policymaking meeting.

The BOJ kept its key rate at minus 0.1%, saying the downward pressure from a likely recession is a bigger risk than inflation, which remained at relatively subdued levels in Japan.

Shares of Fast Retailing, which jumped earlier in the week after news it would raise wages by up to 40%, fell 6.4% after the company reported weaker-than-expected earnings in the quarter previous.

China reported that its trade surplus hit a record $877.6 billion in 2022, as exports rose 7% despite weaker US and European demand and virus checks that temporarily shut down Shanghai and China. other industrial centers. The country’s politically sensitive trade surplus rose 29.7% from the 2021 record, already the highest of any economy.

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