India, July 15 -- Asian stocks rose broadly on Wednesday as a softer-than-expected U.S. inflation print helped reduce concerns of a possible interest-rate hike by the Federal Reserve in the near term.
That said, overall gains were limited after the release of weak Chinese GDP data and amid growing concerns that the United States and Iran may return to an all-out war.
After announcing a reversal of plans to charge a 20 percent toll on cargo passing through the Strait of Hormuz, U.S. President Donald Trump said he would authorize the bombing of Iran's energy infrastructure next week if Iran doesn't come to the table.
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