ChainCatcher News, according to Jinshi reports, Asian stock markets are expected to follow the overnight rise of U.S. stocks, as U.S. inflation data met expectations, boosting market bets on a Federal Reserve rate cut in September. Tokyo, Hong Kong, and Sydney stock index futures all indicate that major benchmark indices will open higher. The three major U.S. stock indices rose more than 1% overnight, with the S&P 500 and Nasdaq 100 both hitting record highs. Despite the decline in U.S. Treasury yields and a lower dollar exchange rate, the market still sees a probability of over 90% for a Federal Reserve rate cut next month.