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Asia-Pacific
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Stocks in Asia followed a rally on Wall Street after the latest U.S. inflation data reinforced bets that the Federal Reserve will be able to start its monetary easing in September, Bloomberg reported. Equity benchmarks in Japan and South Korea advanced more than 1% at the open, extending their recovery from a historic Aug. 5 selloff. The gains came after the U.S. producer price index rose less than forecast, helping to fuel a 1.7% rally in the S&P 500 that was led by gains in big tech. The easing of price pressures has bolstered confidence U.S.
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