Asian Stocks Poised to Gain on Benign US Inflation: Markets Wrap

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Asian stocks rose after a subdued US inflation report eased concerns about imminent interest-rate hikes by the Federal Reserve. Brent snapped a six-day rally. The MSCI Asia Pacific Index rose 0.6%, with gauges in Japan and South Korea advancing. That followed gains in US benchmarks, with the S&P 500 moving within striking distance of a record as a rally in megacap chipmakers lifted the Nasdaq 100 to a one-month high.

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