Asian stocks rose on Friday after the latest U.S. consumer and producer price data confirmed a slowdown in inflation. There is a broad sense among market participants that larger 75 basis point U.S. rate hikes are off the table for now.
China's Shanghai Composite Index jumped 1 percent to 3,084.28 after officials denied rumors that Beijing will be put into a Shanghai-style lockdown because of a persistent Covid-19 outbreak. Separately, Shanghai said it is aiming to reach zero-COVID at the community level in the next few days.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.