Asian stocks surge after China eases zero-COVID rules

Japanese yen boosted by hopes that Fed will slow rate increases

20221111 Nikkei stock

Asian stock markets rallied on Nov. 11, as China eased its COVID curbs and after a strong session on Wall Street. (Photo by Kento Awashima)

ECHO WONG, Nikkei Staff Writer

HONG KONG -- China and Hong Kong stocks rallied strongly on Friday after China eased its strict COVID curbs, following an overnight surge in U.S. share prices in reaction to better than expected inflation data.

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