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Asian stocks rise amid US inflation cheer; China lags ahead of key earnings

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Asian stocks rise amid US inflation cheer; China lags ahead of key earnings

Investing.com-- Most Asian stocks rose on Wednesday, tracking overnight gains on Wall Street as a soft producer inflation reading furthered bets that the Federal Reserve will begin cutting rates from September.

Regional markets took a positive lead-in from Wall Street, with U.S. stock benchmarks recouping all of last week’s wipeout on positivegrew as expected in July, pushing up concerns that a sustained increase in inflation will give the Bank of Japan more headroom to hike interest rates.data for the second quarter, due on Thursday, which comes after the Japanese economy shrank much more than expected in the first quarter.

 

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