Asia Intelligence Brief for Tuesday: South Korea's inflation jumped to 3.1%, a two-year high, and the central bank is signalling a rate hike; Indonesia's prices are climbing too as oil bites; China and Hong Kong stocks rallied while Japan and Korea took a small breather.

Asian stocks climb on AI semiconductor demand as oil prices rise amid stalled US-Iran talks. KOSPI doubles YTD while Samsung and SK Hynix near $1T valuations.

SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East…