Asia stocks rise as traders hold on to rate cut bets amid inflation data

Stocks in Asia opened higher as traders held on to Federal Reserve rate cut bets for this year despite hotter-than-expected inflation data.

Equity benchmark climbed in Japan, South Korea and Australia. The S&P 500 and a gauge of global equity index closed at fresh records following the US CPI print. An index of US-listed Chinese companies rose 4%, its biggest advance in more than a month.

Investors in Japan will be also on the lookout for union pay deals to determine whether wage hikes will be strong enough for the Bank of Japan to raise interest rates as early as next week. Wednesday is among the heaviest days for labor announcements.

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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