Asian equities climb after cooler U.S. core CPI; South Korea's Kospi jumps as much as 5%
AI Market Summary
Softer US core CPI (0.2% m/m; 2.5% y/y, the lowest since March 2021) reduces perceived Fed tightening risk, improving global risk appetite. Asian equities broadly rallied, with Korea's KOSPI leading sharply and Japan's Nikkei advancing, consistent with a rates-sensitive repricing. The decline in Hang Seng futures signals pockets of caution, but the regional impulse is risk-on.
Impact level
● High
Affected assets
NCSINIKKEI2252USD/USDT+2.14%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
▲ Bullish
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Asian stock markets advanced on Aug. 12 after the United States reported softer inflation, easing expectations of further Federal Reserve rate hikes. U.S. core CPI rose 0.2% month on month and 2.5% year on year, the lowest annual reading since March 2021. The MSCI Asia-Pacific Index added 0.6%.
South Korea led regional gains, with the KOSPI surging 4.48% and at one point up as much as 5%. Japan's Nikkei 225 rose 1.83%, while the Topix gained 1.01%. Hang Seng futures slipped 0.87%, pointing to a more cautious tone in parts of the market.
