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Asian stocks rally despite U.S. inflation spike, dollar on defen - Honolulu, Hawaii news, sports & weather - KITV Channel 4

Asian stocks rally despite U.S. inflation spike, dollar on defensive

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. - TOKYO (Reuters) - Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, a counterintuitive move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of a quicker pace of U.S. interest rate hikes.



original story: http://feeds.reuters.com/~r/reuters/businessNews/~3/We0P1mI-QoA/asian-stocks-rally-despite-u-s-inflation-spike-dollar-on-defensive-idUSKCN1FZ02S