As BoltClock mentioned there is no object literal in PHP however you can do this by simply type casting the arrays to objects:
$testArray = array(
(object)array("name" => "John", "hobby" => "hiking"),
(object)array("name" => "Jane", "hobby" => "dancing")
);
echo "Person 1 Name: ".$testArray[0]->name;
echo "Person 2 Hobby: ".$testArray[1]->hobby;