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Why Sea Limited Rocketed Higher Today

TheMotleyFool

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Why Sea Limited Rocketed Higher Today: https://g.foolcdn.com/editorial/images/717342/using-a-tablet-with-her-dog.jpg

Shares of Sea Limited (NYSE: SE) were rallying this morning, up just over 10% as of 10:49 a.m. ET.

The Southeast Asian juggernaut had fallen some 85% in 2022, but looks to be regaining its footing as some of last year's headwinds appear to be easing.

While there wasn't any company-specific news today, one prominent CEO of a multinational consumer goods company made positive comments about the Southeast Asian economy at the World Economic Forum in Davos, Switzerland, yesterday. In addition, yesterday saw more measured commentary on inflation and the path for future rate hikes from Federal Reserve officials in the U.S.

Source Fool.com

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