Asian Markets Buoyant as China Reopens, But US Inflation Tempers Optimism

• China reopens markets after Lunar New Year holiday; investors hope positive momentum continues • Asian stocks on decent run - MSCI Asia index best week of year last week after 4 weeks of gains • Signs China gloom lifting - equities rebound from lows, tourism revenues beat pre-COVID levels • China central bank leaves key policy rate unchanged; balancing economy support with inflation risks • US inflation figures raise doubts on Fed rate cuts; second inflation wave could temper Asian optimism