MSCI’s regional equities gauge advanced 0.3% with South Korea’s Kospi index leading gains. That came after the S&P 500 Index rose 1.1% on Thursday, its biggest advance since early August. The tech-heavy Nasdaq 100 Index climbed 1.7%, while a key gauge of chipmakers jumped 3.1% as US stocks rebounded from losses triggered by the Federal Reserve’s first rate hike since 2023.
Gold slips as strong US inflation data bolsters dollar, Fed hike expectations
Gold prices edged lower on Thursday as hotter-than-expected US inflation data and hawkish Federal Reserve commentary lifted the dollar to near a one-month high and