Most Asian stocks rose on Wednesday amid speculation over peak U.S. interest rates ahead of key inflation data, while weak economic readings spurred a heavy dose of profit taking in Japanese markets.
A positive overnight finish on Wall Street also buoyed regional stocks, as comments from Federal Reserve officials suggested that the central bank was close to ending its current rate hike cycle.
Still, gains in Asian markets were limited ahead of key U.S. consumer price index (CPI) inflation data due later in the day. While overall inflation is expected to have retreated, core CPI inflation is expected to remain sticky, which in turn is expected to invite more rate hikes by the Fed in the near-term.
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.