Image: Economy Middle EastStock market today: Nasdaq rises 0.90 percent, KOSPI jumps 7 percent and FTSE 100 gains 0.30 percent on softer U.S. inflation
• Global stock markets rallied, with the Nasdaq rising 0.90%, the KOSPI jumping 7%, and the FTSE 100 gaining 0.30% following cooler U.S. inflation data. • The rally was driven by reduced fears of Federal Reserve rate hikes and expectations for further economic support due to soft domestic demand. • Regional gains included India's Nifty 50 (+0.57% to 24,188.50) and the BSE Sensex (+0.68% to 77,577.94), though Taiwan's benchmark fell 1.42% to 44,737.95.
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