Asia stocks rise but still set for August losses; PCE data awaited

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Asia stocks rise but still set for August losses; PCE data awaited

Investing.com-- Asian stocks rose on Friday as technology stocks recovered from Nvidia-induced losses, while month-end bargain buying saw Chinese shares rebound from more-than six-month lows.

Optimism over lower rates helped Asian markets trim some of their August losses, as traders began pricing in, with certainty, that the Fed will cut in September.indexes rose 1% and 0.5%, and were among the better performers for the day, although they were still set to lose between 3% and 4% in August.

 

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