Just noticed Asian markets had a pretty strong bounce back today. The Nikkei jumped nearly 2% and KOSPI was up over 3%, which is a solid rebound after getting hammered yesterday. Both indices took a real hit the day before, so this recovery makes sense.



Looks like the move came from better than expected US inflation data easing some of the pressure. When US inflation data comes in softer, it tends to give Asian equities room to breathe. The yen and won had been getting hit hard on rate expectations, so this data shift is helping sentiment.

Nikkei's now at 55,205 and KOSPI at 5,250. Pretty interesting to see them both snap back like this. Market's clearly been waiting for some relief on the inflation front.
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