Most Asian stock markets rise on Friday as investors focus on a closely watched speech by Federal Reserve official Kevin Warsh. Trading sentiment has turned after earlier optimism tied to Nvidia’s strong earnings begins to cool, and investors look for fresh signals on the path of US interest rates.

Across outlets, the speech is framed as a potential catalyst because markets are weighing how elevated inflation affects the Federal Reserve’s policy stance. Commentary also notes that there is no clear end in sight to the ongoing Middle East crisis, which continues to influence risk assessments and uncertainty. In this context, investors parse Warsh’s remarks for indications of whether and when the Fed may tighten monetary policy, reflecting broader debate about the timing and extent of any rate changes.