Asian Stocks Cautious Ahead of Federal Reserve Speech

GLOBAL MARKETS-Shares turn cautious ahead of Warsh speech; FX, bonds hold breath

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Asian stocks cautious ahead of Federal Reserve speech

The MSCI's broadest index of Asia-Pacific shares outside Japan has edged higher despite falls in South Korea and Hong Kong.

Shares turn cautious ahead of Warsh speech; FX, bonds hold breath

By Stella Qiu SYDNEY, Aug 28 (Reuters) – Shares in Asia turned cautious on Friday after a Nvidia-fuelled technology rally, while currency and bond markets held their breath for the world’s most powerful central banker to speak on U.S. interest rates. Oil prices were headed for weekly losses ​as Iran and Oman had agreed on administering traffic in the Strait of Hormuz and ‌sharing revenues, though Washington has shown little interest in reviving …

Most Asian stocks advance as attention turns to Warsh speech

Asian stocks mostly rose Friday ahead of a closely watched speech by Federal Reserve boss Kevin Warsh that investors will be parsing for clues about the outlook for interest rates amid elevated inflation and no sign of an end to the Middle East crisis.  With the euphoria following Nvidia's blistering earnings report petering out, the attention is back on the economy as debate surrounds if or when the US central bank will tighten monetary policy.