Asian Stocks to Get Boost From Bullish Wall Street

Asian stocks are expected to rise, led by Japan, following the gains on Wall Street. The S&P 500 has reached an 8-day winning streak, with the equal-weighted index reaching a record high.

Investors are optimistic ahead of the Fed commentary at the Jackson Hole Symposium, where the Bank of Japan Governor Ueda will also speak on the rate hike path. In other news, AMD is set to acquire server maker ZT Systems, boosting data center technology.

Estée Lauder forecasts lower revenue growth, while Sonder soars on a Marriott deal. Kroger seeks to block an FTC case against the Albertsons merger, and Couche-Tard proposes a takeover of 7-Eleven owner Seven & i.

GM is cutting over 1,000 software engineers, and Circle K operator Couche-Tard has expressed interest in 7-Eleven. Traders are eyeing the Fed's Summary of Economic Projections for hints on rate cuts, and JPMorgan traders see material upside for US stocks into year-end.