Asian markets up on hopeful outlook

HONG KONG: Asian markets edged up as investors remained bullish about the outlook for the global economy while the dollar extended gains at the end of a week that saw inflation in the United States and China hit highs not seen in decades.

A respite in the crisis surrounding troubled Chinese developer Evergrande, and reports that Beijing was planning to ease financial rules on the property sector, also provided some much-needed support to the region.