Asian Stocks Rise on Samsung Profit Forecast; U.S. Inflation Expectations Edge Up

South Korean stocks jumped about 2%, hitting a two-week high, boosted by chip giant Samsung Electronics. Samsung expects a 78% drop in Q3 operating profit but forecast is slightly above expectations.

Japan's central bank reportedly considering raising its inflation outlook for current business year to 3%, up from 2.5%, to reflect rising prices.

Business sentiment flat in Japan in October as per Reuters Tankan survey of large companies, although outlook expected to improve over next 3 months.

Nasdaq 100 crossed above 50-day moving average for first time since mid-September, boosted by gains in Tesla, Amazon, PepsiCo and Nvidia shares.

U.S. consumer inflation expectations for next year edged up to 3.7% in September, from 3.6% in August, as per New York Fed survey. Outlook for cost of education fell sharply.