{
  "id": 728055,
  "title": "Asian stocks rise as US inflation data dents September Fed hike bets",
  "url": "https://urgent.news/2026/08/13/asian-stocks-rise-as-us-inflation-data-dents-september-fed-hike-bets-728055",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T02:48:21.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40434607/asian-stocks-rise-as-us-inflation-data-dents-september-fed-hike-bets"
  },
  "original_language": "en",
  "account": "Asian stocks experienced a rise on Thursday as US inflation data was released, staying in line with expectations. This in turn diminished hopes for additional near-term rate hikes from the Federal Reserve, according to the wire material. The broader MSCI index of Asia-Pacific shares outside Japan surged by 0.97%, with South Korean shares leading the charge, up 4.4%. Japan's Nikkei index saw a 1.86% increase, whereas S&P 500 E-minis climbed by 0.02%. US consumer prices rose by 0.1% in July, consistent with predictions, as disclosed on Wednesday. The modest growth might weaken the case for a Fed interest rate increase in September. Money markets now forecast a 40% chance of a rate hike, down from 54% a week earlier, as reported by CME Group’s FedWatch. With August CPI data expected before the upcoming Federal Open Market Committee meeting, and oil futures modestly rising since July, \"both the Fed and markets will likely want to assess the data right up until just before the September FOMC,\" commented Den Miki, senior rate strategist at SMBC Nikko Securities, in a note. Wall Street concluded mixed overnight, with the Nasdaq Composite and S&P 500 edging up slightly, while the Dow Jones Industrial Average saw a decline. Oil prices slipped but remained high in Asia, with US crude falling 0.83% to $82.58 a barrel and Brent dipping 0.71% to $88.35 per barrel. The US and Iran continue to clash over efforts to finalize a permanent end to the Gulf war. Diplomatic talks to reinstate a June interim agreement have hit a dead end, and no timeline has been set for its implementation, according to a senior Iranian source. President Donald Trump declared the US holds \"total control\" over the Strait of Hormuz, but Iran dismissed this claim, stating the route remains blocked. The dollar weakened by 0.06% against the yen, reaching 159.32, fueled by speculation that the Bank of Japan could raise interest rates sooner than expected in December. This sentiment was bolstered by Japan's wholesale prices, which surged 7.2% in July compared to a year earlier, indicating growing price pressures. The dollar index, which gauges the greenback against a basket of currencies, including the yen and euro, remained stable at 99.93. The yield on the benchmark US 10-year notes climbed 0.62 basis points to 4.688%, from 4.682% late on Wednesday. Reserve Bank of Australia Assistant Governor Christopher Kent stated that the three rate hikes this year are beginning to take effect and will eventually curb spending. At a Reuters NEXT Newsmaker event in Sydney, Kent noted that it would take \"some time for tighter monetary policy to have its full effect on economic activity and inflation.\" The Australian dollar remained stable against the greenback at $0.7062. Spot gold increased 0.28% to $4,419.28 per ounce, while spot silver rose 0.3% to $65.50 per ounce.",
  "summary": "TOKYO: Asian stocks rose on Thursday after US inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes, while oil held near $80 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.97%, led by South Korean shares jumping 4.4%. Japan’s Nikkei gained…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Asian stocks rise as US inflation data dents September Fed hike bets",
        "url": "https://urgent.news/2026/08/13/asian-stocks-rise-as-us-inflation-data-dents-september-fed-hike-bets",
        "published": "2026-08-13T01:02:39.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian stocks rise as US inflation data dents Sept Fed hike bets",
        "url": "https://urgent.news/2026/08/13/asian-stocks-rise-as-us-inflation-data-dents-sept-fed-hike-bets",
        "published": "2026-08-13T01:30:08.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Asian stocks rise as US inflation data dents September Fed hike bets",
        "url": "https://urgent.news/2026/08/13/asian-stocks-rise-as-us-inflation-data-dents-september-fed-hike-bets-720610",
        "published": "2026-08-13T02:03:13.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Swiss Franc slides to two-week low as oil-driven Fed hike bets boost USD",
        "url": "https://urgent.news/2026/08/13/swiss-franc-slides-to-two-week-low-as-oil-driven-fed-hike-bets-boost",
        "published": "2026-08-13T04:47:47.000Z"
      }
    ]
  },
  "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."
}