scorecardresearchAsian markets rally on tech bounce, earnings hope

Asian markets rally on tech bounce, earnings hope

Updated: 20 Jul 2022, 08:39 AM IST
TL;DR.
  • Markets also reacted positively to a report saying China will fine ride-hailing giant Didi $1 billion but bring an end to its year-long probe, reinforcing optimism that a long-running tech crackdown is nearing an end.
A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), center, and the exchange rate of South Korean won against the U.S. dollar, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 13, 2022. Asian stock markets rose Wednesday as investors waited for U.S. inflation data some worry might lead to more interest rate hikes.(AP Photo/Ahn Young-joon)

A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), center, and the exchange rate of South Korean won against the U.S. dollar, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 13, 2022. Asian stock markets rose Wednesday as investors waited for U.S. inflation data some worry might lead to more interest rate hikes.(AP Photo/Ahn Young-joon)