Asian stock markets rose on Wednesday, as US inflation data reduced the likelihood of the Federal Reserve raising interest rates in September. This was reported by Qazaqyia.kz citing Reuters.
Investors, seeing a slowdown in US consumer price growth, are skeptical about the central bank continuing its monetary policy tightening. This boosted optimism in global markets and contributed to gains in major Asian indices.
Market participants now expect the Fed to keep rates unchanged at its next meeting, which is likely to support emerging markets. However, analysts remain cautious, noting that inflation is still at elevated levels.