Asian Stocks Rise on Wall Street Gains; Investors Await US Inflation Data That Could Signal Fed Rate Cuts
• Asian stock indexes were mostly higher Tuesday following a tech-led surge on Wall Street. • Investors await upcoming US inflation numbers this week, which could indicate when the Fed may cut interest rates. • Australia's stock index rose after better-than-expected November retail sales data. • The dollar dropped 0.21% against the yen to 143.9, still below its 2023 high. • An Atlanta Fed president said his bias is toward tight policy with inflation still above 2%, but he expects rate cuts this year.