Asian stocks rise, but rate, inflation angst limits gains

Investing.com-- Most Asian stocks advanced on Tuesday as they recouped some losses from last week, although anticipation of key inflation readings and more cues on U.S. interest rates kept gains in check.

TSMC surged nearly 4% to a record high after the world's biggest contract chipmaker won a $6.6 billion subsidy from the U.S. government for an advanced chipmaking plant in Arizona. The chipmaker also increased its investment in the plant by $25 billion to $65 billion.indexes lagged their regional peers for a second straight session, as weak risk appetite kept investors largely cautious towards the country.index outperformed, rising 0.

The yen softened this week, creeping back towards lows hit in 1990 as traders grew bolder that the Japanese government will not act on its warnings of intervening in currency markets.index pointed to a flat open, with the index open to some profit-taking after closing at a record high on Monday.

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