Asian stocks follow Wall St higher as inflation fears ease

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BEIJING (AP) — Asian stock markets have followed Wall Street higher as inflation fears eased and investors regained an appetite for risk. Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced. Overnight, Wall Street’s S&P 500 index rose 1%, recovering about half of last week’s losses. Gains were led by tech stocks. Investors worry a global economic recovery might be hampered if rising inflation prompts governments and central banks to withdraw stimulus. But a Federal Reserve official helped to allay some of those fears when he said the U.S. central bank shouldn’t look at changing policy in the midst of the coronavirus pandemic.

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