Asian stocks rise ahead of inflation data; June gains on tap

Investing.com-- Asian stocks rose on Friday and were set for strong gains in June amid some hopes that the Federal Reserve will cut interest rates this year amid a cooling U.S. economy.

Asian stocks took few cues from a middling overnight close on Wall Street, as investors kept to the sidelines before key inflation data due later on Friday, which is likely to factor into the outlook for interest rates. The Nikkei and the TOPIX were set to add 3.2% and 1.6% in June, respectively, as they recovered from a middling performance through most of the second quarter.rose 0.2% and was up 5.9% in June, buoyed chiefly by flows into local chipmaking stocks, amid growing hype over artificial intelligence.index was trading up nearly 7% in June, having clocked a series of record highs through the month amid persistent confidence in India’s economy.

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Stock market today: Asian shares start June with big gains following Wall St rallyAsian shares began June with big gains on Monday after a report showing that inflation in the U.S. is not worsening drove a rally on Wall Street. Hong
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Stock market today: Asian shares start June with big gains following Wall St rallyShares in Asia have started June with big gains after Wall Street finished with another push higher.
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Stock market today: Asian shares start June with big gains following Wall St rallyShares in Asia have started June with big gains after Wall Street finished with another push higher.
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Stock market today: Asian shares start June with big gains following Wall St rallyShares in Asia have started June with big gains after Wall Street finished with another push higher. Hong Kong's Hang Seng led with a 2.7% gain. On Friday, the S&P 500 rose 0.8% to close its sixth winning month in the last seven. The Dow Jones Industrial Average jumped nearly 575 points, or 1.
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