Asian Markets Edge Higher as 1-Year Inflation Outlook Points to Slow Down

Stock markets in Asia traded mostly higher in the morning session on Monday as further data showed that one-year inflation outlook pointed to cool in the U.S, while the market is now focusing on the Covid situation in China.


As of 10:09 local time in Thailand on Monday, Nikkei plunged 1.01%, SSEC rose 1.35%, HSI gained 0.55%, ASX 200 increased 0.79% and Kospi hiked 0.86%.

Thailand’s SET Index opened at 1,686.36 points, increased 4.63 points or 0.28%.


Market sentiment was lifted on Friday after the University of Michigan consumer sentiment survey indicated that the one-year inflation outlook fell to 4%, the lowest level since April 2021.

Meanwhile, the head of the Bureau of Medical Administration under the National Health Commission told media that nearly 60,000 hospitalized patients had died from Covid-related symptoms since the country abruptly terminated its zero-Covid policy late last year.