Asia Stocks Erase Loss, Bonds Fall on US Inflation: Markets Wrap

Asian stocks erased early declines after dip buyers stepped in following early weakness in chipmakers. Bonds fell after US inflation accelerated, fueling speculation the Federal Reserve will raise interest rates next year.

MSCI’s Asia Pacific equities gauge gained 0.3%, reversing a loss of as much as 0.6%. South Korea’s Kospi, a bellwether for chips and artificial intelligence, climbed 0.9%, after earlier dropping 3%. Nvidia Corp. shares rose more than 2% on an alternate trading platform after the White House said the company’s chief executive officer would join President Donald Trump’s trip to China.