South Korea’s inflation jumped to 3.1% in May, a two-year high, mostly because of higher oil prices. The central bank says a rate hike could come as soon as next month.
Indonesia’s prices are climbing for the same reason, and its central bank has already raised rates. Meanwhile, stocks in China and Hong Kong had a strong day, while Japan and Korea took a small breather after recent record highs.
Today’s Asia Intelligence Brief covers the region’s finance, markets, economy, and politics. We pulled it together from Japanese, Chinese, Korean, Hindi, Bahasa Indonesia, Vietnamese, and English sources.
South Korea — Inflation Hits a Two-Year High
Prices Rose 3.1% in May, the Most Since March 2024
