Global Market Today: Asian stocks track Wall Street lower on US CPI
- Posted on May 13, 2026
- By Business News Today
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- 1 min read
Global Market Today: Asian stocks track Wall Street lower on US CPI
Asian stocks declined as US inflation accelerated, influenced by rising oil prices following the conflict in Iran. This prompted an increase in Treasury yields and boosted bets on a Federal Reserve rate hike in 2027. Elevated oil prices and inflation risks now threaten the recent equity rebound, particularly impacting chipmakers.
