Warsh Speech Spurs Asian Stocks Higher Amid Inflation Worries

The Asian stock markets mostly rose on August 28 as investors await a speech by US Federal Reserve boss Kevin Warsh at Jackson Hole, Wyoming. The attention has shifted back to the economy after Nvidia's earnings report excitement subsided.

The July Fed meeting saw policymakers keep borrowing costs unchanged, but with three of them dissenting in favor of a hike. Despite inflation easing slightly, it remains above the 2% target.

Oil prices edged down, but remain volatile due to concerns over the Strait of Hormuz tanker and cargo traffic disruption. US officials have vowed further economic pressure on Iran to reopen the waterway, through which about a fifth of world oil passes.