GLOBAL MARKETS - Asia Rides Wall St Rally, Dollar Sags on US Inflation Relief

GLOBAL MARKET - TOKYO. Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year.

The dollar remained on a downtrend, sagging to fresh multi-week lows against peers including the euro and sterling.