Asian Stocks Rise on Moderating US Inflation and Tech Gains

Asian stock markets rose on Friday, August 14, as moderate US inflation and technology sector gains fueled investor confidence.

The MSCI Asia-Pacific equities gauge increased by 0.5%, putting it on track for a fourth consecutive weekly advance, its longest winning streak since May.

The Kospi Index in South Korea led the region with a 1% gain, driven by Samsung Electronics and SK Hynix, which have seen their advances for the week reach around 15%.

Investors are betting on the AI trade after July's sell-off, sending MSCI's All Country World Index to a record high. The US Federal Reserve is expected to refrain from raising interest rates next month due to moderating inflation.