0518 GMT - CPI inflation is expected to rise by an average of 0.4 percentage points across major global and Asian economies following the Iran war, Eastspring Investments says in a note. Persistently higher energy prices are likely to gradually feed into central bank inflation expectations. While imminent rate cuts across most Asian economies appear unlikely, policy tensions may build over time, with China and Malaysia having the lowest likelihood of rate hikes this year. On equities, Eastspring anticipates further corrections as risks shift from inflation toward growth. Meanwhile, oil price shocks may lead to diverging industrial production across Asian manufacturing economies, though strong AI-driven demand that supported North Asia's tech exporters should stay strong, the asset manager adds.(jason.chau@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 01:18 ET (05:18 GMT)
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