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Asian stocks creep higher ahead of US CPI data, China lags

November 13, 2023

Most Asian stocks rose slightly on Tuesday, recovering a measure of recent losses as investors hunkered down before key U.S. inflation data, while Chinese markets lagged following weak lending activity data.

Asian markets were nursing steep losses from the prior week, where a string of hawkish Federal Reserve signals and weak earnings had battered sentiment towards risk-driven assets.

Concerns over an economic slowdown in China also weighed, as weak data prints from the country continued to batter sentiment.

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