Asian stocks went up on Friday because people were less worried about a U.S. recession. In China, the inflation data was also good which made people feel positive. However, markets in Asia were still down for the week after falling a lot at the start. Asian stocks were influenced by Wall Street doing well and news that the U.S. job market might be better than expected. Chinese markets didn’t do as well as other countries in Asia, but the inflation data was positive. Japan’s stock market went up a lot on Friday, which helped reduce the losses it had earlier in the week. Overall, tech stocks in Asia did well along with U.S. markets. Australia’s market also rose on Friday, recovering from earlier losses in the week. India’s market was expected to open slightly positive after some setbacks due to unclear messages from the central bank.
Vocabulary List:
- Inflation /ɪnˈfleɪʃən/ (noun): The rate at which the general level of prices for goods and services is rising.
- Market /ˈmɑːrkɪt/ (noun): A place where buying and selling occurs especially of financial assets.
- Positive /ˈpɒzɪtɪv/ (adjective): Expressing or characterized by affirmation or acceptance.
- Influenced /ˈɪnfluənst/ (verb): Having an effect on the character development or behavior of someone or something.
- Recovering /rɪˈkʌvərɪŋ/ (verb): Getting back to a normal state after a period of difficulty or loss.
- Setbacks /ˈsɛtˌbæks/ (noun): A reversal or check in progress.
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