{
  "id": 3888055,
  "title": "Asian stocks turn cautious ahead of Warsh speech",
  "url": "https://urgent.news/2026/08/28/asian-stocks-turn-cautious-ahead-of-warsh-speech",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T04:19:15.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/business/2026/08/28/asian-stocks-turn-cautious-ahead-of-warsh-speech.html"
  },
  "original_language": "en",
  "account": "Asian markets turned cautious ahead of Federal Reserve Chair Kevin Warsh's upcoming speech on US interest rates. Oil prices dipped for a second consecutive week, with Iran and Oman agreeing to share revenues and manage traffic in the Strait of Hormuz. However, Washington showed no interest in restarting talks with Tehran. MSCI's Asia-Pacific index outside Japan rose slightly, while Japan's Nikkei also showed modest gains. While Taiwanese shares gained 1.2 percent following Nvidia's strong performance and continued AI spending optimism, South Korea's KOSPI fell 1 percent and Hong Kong's Hang Seng dropped 0.3 percent. The market remains highly focused on the Fed's Jackson Hole Symposium, where Warsh is set to provide insights into future interest rate decisions. Three Fed officials already warned of sticky inflation, but Warsh has been hesitant to offer forward guidance. Analysts from ANZ anticipate a 35 percent chance of a rate hike at the upcoming Fed meeting in September, with a potential move by December. Despite the uncertainty, markets are hoping Warsh will alleviate some of the Fed's reaction function ambiguity. Longer-dated yields have risen since the Fed's July meeting due to Warsh's perceived lack of concrete steps to combat inflation. The US dollar showed little change against major currencies, while the Australian dollar surged to a three-month high of $0.72, marking its ninth consecutive weekly gain. Gold prices slipped 0.3 percent, while other commodities remained stable.",
  "summary": "Oil prices were headed for weekly losses as Iran and Oman had agreed on administering traffic in the Strait of Hormuz and sharing revenues.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "Gold slips as Fed chief Warsh's Jackson Hole speech looms",
        "url": "https://urgent.news/2026/08/28/gold-slips-as-fed-chief-warshs-jackson-hole-speech-looms",
        "published": "2026-08-28T02:30:51.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Bitcoin under $80,000, solana leads majors higher before Warsh's Jackson Hole debut",
        "url": "https://urgent.news/2026/08/28/bitcoin-under-80-000-solana-leads-majors-higher-before-warshs-jackson",
        "published": "2026-08-28T04:40:52.000Z"
      }
    ]
  },
  "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."
}