Following Powell's comments on inflation, the Hang Seng in Hong Kong jumps by 2% to lead Asian markets higher.
As investors processed Federal Reserve Chair Jerome Powell's most recent remarks, in
he pledged to raise rates to combat inflation "until the job is done," markets in the Asia-
The Nikkei 225 and Topix both had increases in Japan, 0.49% and 0.38 respectively. The
The Hang Seng Index in Hong Kong increased by 2.59%, and its tech index increased by
2.76%. Shanghai Composite increased by 0.7% in mainland China, followed by Shenzhen
Consumer inflation in China decreased from 2.7% in July to 2.5% in August.
In a note, FX strategist Kristina Clifton of Commonwealth Bank of Australia said, "China's
weak growth prospects and accommodative monetary policy stance against the vigorous
Nate Diaz and Kevin Holland "got what they deserved" in the UFC 279 press conference brawl, according to Khamzat Chimaev