Asian stocks rally on U.S. inflation miss

Most Asian stocks surged on Monday as a drop in U.S. inflation ramped up hopes for a less hawkish Federal Reserve, while data showing improving sentiment towards the Japanese economy put the Nikkei index back at 33-year highs.

Data on Friday had shown that the Fed’s preferred inflation gauge fell more than expected in May, triggering a rally across most risk-driven assets that spilled over into Asian trade this week.

But whether the rally will keep its momentum remains to be seen, ahead of a slew of economic readings and central bank signals this week. Economic readings on Monday also painted a mixed picture of Asia’s largest economies.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

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