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

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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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