{
  "id": 3876246,
  "title": "Most Asian stocks advance as attention turns to Warsh speech",
  "url": "https://urgent.news/2026/08/28/most-asian-stocks-advance-as-attention-turns-to-warsh-speech-3876246",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T03:16:00.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/asia/stocks-advance-federal-reserve-warsh-speech-6346781"
  },
  "original_language": "en",
  "account": "Asian stocks showed an overall upward trend on Friday (August 28), as traders focused on a key speech by Federal Reserve Chair Kevin Warsh, who will provide insights into the outlook for interest rates amidst high inflation and ongoing Middle East tensions. The excitement surrounding Nvidia's impressive earnings performance had subsided, shifting attention towards the economy and the potential actions of the US central bank to curb inflation.\n\nAt the previous Federal Open Market Committee meeting, policymakers held interest rates steady, but three dissenters advocated for an increase. Although inflation showed a slight easing, it remained significantly higher than the 2% target. Worsening concerns over persistent price rises, driven largely by energy costs due to the ongoing Iran conflict, have pushed up long-term Treasury yields, making borrowing for the government more costly.\n\nTraders are eagerly awaiting Warsh's speech at the Jackson Hole annual meeting of central bankers and economic leaders in Wyoming, hoping it will shed light on the decision-makers' thinking. However, his last public appearance following the July meeting was criticized for being ambiguous, and analysts caution that his lack of forward guidance may disappoint investors. Stephen Innes at Quintus Intel deemed the upcoming address as the most consequential central bank speech of the year, occurring almost three weeks before the next policy announcement.\n\nRecent data have diminished the immediate need for tighter monetary policy, allowing Warsh the opportunity to re-emphasize the Fed's inflation-fighting stance without hinting at immediate action. The speech arrives amid a challenging policy environment, with inflation remaining above target for six consecutive years, and Fed officials discussing the possibility of further tightening. Asian equity markets experienced broad gains in early trading, with tech firms struggling to maintain Thursday's rally following Nvidia's strong earnings report and upbeat forecast, which alleviated concerns about the AI boom.\n\nTokyo, Hong Kong, Shanghai, Sydney, Singapore, Jakarta, and Taipei saw their stocks rise, while Seoul and Wellington, along with Manila, experienced declines. Despite Wall Street's positive lead, driven entirely by the tech sector, gains were limited. Oil prices slightly decreased but remained vulnerable to further spikes as investors anticipate a breakthrough in efforts to reopen the Strait of Hormuz for tanker and cargo traffic. US officials have vowed to exert additional economic pressure on Iran to reopen the strategic waterway, through which approximately one-fifth of global oil passes, but diplomatic solutions remain elusive.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "3 ETFs to Buy Before Jackson Hole (and 1 Group of Stocks to Sell)",
        "url": "https://urgent.news/2026/08/26/3-etfs-to-buy-before-jackson-hole-and-1-group-of-stocks-to-sell",
        "published": "2026-08-26T15:33:04.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market Today: Asian shares slip as US stock futures dip ahead of Warsh’s Jackson Hole speech",
        "url": "https://urgent.news/2026/08/28/global-market-today-asian-shares-slip-as-us-stock-futures-dip-ahead",
        "published": "2026-08-28T00:42:27.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Shares turn cautious ahead of Warsh speech; FX, bonds hold breath",
        "url": "https://urgent.news/2026/08/28/shares-turn-cautious-ahead-of-warsh-speech-fx-bonds-hold-breath",
        "published": "2026-08-28T01:56:38.000Z"
      },
      {
        "outlet": "Vietnam Investment Review",
        "title": "Two finishes one kitchen what the US cabinet market now expects from Southeast Asian manufacturers",
        "url": "https://urgent.news/2026/08/28/two-finishes-one-kitchen-what-the-us-cabinet-market-now-expects-from",
        "published": "2026-08-28T02:00:02.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Shares turn cautious ahead of Warsh speech; FX, bonds hold breath",
        "url": "https://urgent.news/2026/08/28/shares-turn-cautious-ahead-of-warsh-speech-fx-bonds-hold-breath-3874488",
        "published": "2026-08-28T02:29:40.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Most Asian stocks advance as attention turns to Fed’s Warsh speech",
        "url": "https://urgent.news/2026/08/28/most-asian-stocks-advance-as-attention-turns-to-feds-warsh-speech",
        "published": "2026-08-28T02:59:41.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Indian rupee to hold near 95.50; RBI blunts flow-driven pressure before Warsh speech",
        "url": "https://urgent.news/2026/08/28/indian-rupee-to-hold-near-95-50-rbi-blunts-flow-driven-pressure",
        "published": "2026-08-28T03:11:14.000Z"
      },
      {
        "outlet": "Al-Monitor",
        "title": "Most Asian stocks advance as attention turns to Warsh speech",
        "url": "https://urgent.news/2026/08/28/most-asian-stocks-advance-as-attention-turns-to-warsh-speech-3879777",
        "published": "2026-08-28T03:30:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}