June 13, 2024 10:22 AM

Asia stocks rally, bond yields fall as investors assess Fed outlook

Asian equities rallied on Thursday (June 13) while bond yields slid, as investors weighed cooling U.S. inflation against a more hawkish posture by the Federal Reserve. Japan’s Nikkei share average climbed 0.79% to 39182.06 after the stock market opened in Tokyo in the morning while South Korea's benchmark Korea Composite Stock Price Index (KOSPI) opened up 1.60% to 2,771.93 points as of 0128GMT. The Hong Kong stock market opened 166 points higher, with the Hang Seng Index reported at 18,104 p...