Asian stocks climb after softer US core CPI; Kospi jumps 4.48%
AI Market Summary
A softer US core CPI print (0.2% m/m; 2.5% y/y, slowest since March 2021) reduced perceived Fed tightening risk, supporting risk assets across Asia. Regional equities advanced, led by a sharp Kospi surge and solid gains in Japan, echoing strength in US tech and broader benchmarks. Short-dated Treasuries outperformed as rate-hike pricing eased, while Hang Seng futures lagged, signaling pockets of caution.
Impact level
● Medium
Affected assets
NCSIUK2USD/USDT-0.10%
AI Insight · NCSIUK2USD/USDTAI Insight
▲ Bullish
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US core CPI rose 0.2% month on month and 2.5% year on year, its slowest annual pace since March 2021, tempering expectations for further Federal Reserve rate hikes. Asian markets broadly advanced on Aug. 12, with the MSCI Asia Pacific Index up 0.6%. South Korea’s KOSPI surged 4.48% to lead the region, while Japan’s Nikkei 225 gained 1.83% and the Topix rose 1.01%. Hang Seng futures bucked the trend, slipping 0.87% and signalling caution in that market.
