Asian Stocks Mostly Higher After Wall Street Gains and Steady US Inflation Data
• Asian markets mostly higher following Wall Street gains and US inflation data in line with expectations • Tech stock rallies in New York while global markets split on Fed interest rate cut timing • China's factory activity contracted for 5th straight month in February due to sluggish demand • Investors awaiting more economic support measures from Beijing at National People's Congress • Shanghai and Tokyo trading higher; Hong Kong flat; other Asian indexes gaining ground