Asian Stocks Mixed Ahead of Fed Chair Powell Jackson Hole Speech

Asian stock markets showed mixed performance amid cautious investor sentiment ahead of the Federal Reserve's annual Jackson Hole symposium and Fed Chair Jerome Powell's key speech. Investors are focused on clues regarding a potential interest rate cut in September, with markets currently pricing in a high probability of easing despite Powell's reluctance due to inflation risks driven by tariffs. Japanese stocks fell sharply, weighed down by declines in chip-related companies and weak export data, while Chinese blue chips and Australia's market posted gains. U.S. stock futures declined following a tech-led selloff, and bond prices advanced as traders appeared to shrug off inflation concerns highlighted in the latest Fed meeting minutes. The mixed market activity reflects uncertainty over whether the Fed will pivot dovishly or maintain a hawkish stance amid ongoing inflation and employment concerns. Overall, Asian and global markets remain cautious as they await further guidance from Fed officials at Jackson Hole.