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Asian stocks surge after lower US inflation eases rate fears

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 11, 2022. Asian stock markets surged Friday after U.S. inflation eased by more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes. (AP Photo/Ahn Young-joon) Currency traders work near the screens showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 11, 2022. Asian stock markets surged Friday after U.S. inflation eased by more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes. (AP Photo/Ahn Young-joon) A currency trader stretches near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate of South Korean won against the U.S. dollar, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 11, 2022. Asian stock markets surged Friday after U.S. inflation eased by more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes. (AP Photo/Ahn Young-joon) FILE - Statues adorn the facade of the New York Stock Exchange, Tuesday, Sept. 13, 2022, in New York. Wall Street is surging at the opening bell, Thursday, Nov. 10, after a government report showed inflation eased by even more than economists expected last month. (AP Photo/Julia Nikhinson, File)