Asian Markets Rebound as U.S. Job Data Eases Recession Fears
Stocks rally across Asia and Wall Street following better-than-expected U.S. jobless claims, alleviating concerns of an imminent recession.
- Japanese stocks nearly recover from Monday's 13% plunge, with Nikkei up 1.7%.
- U.S. jobless claims data shows fewer applications for unemployment benefits, boosting investor confidence.
- S&P 500 and Nasdaq see significant gains, marking their best day since November 2022.
- Chinese consumer inflation data exceeds forecasts, reducing deflation fears and supporting market sentiment.
- Oil and gold prices experience minor fluctuations amid ongoing Middle East tensions.
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