Skip to Content

Asian shares mixed after US inflation report

KIFI

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Asian shares are trading mixed after a worrisome report on U.S. inflation that slammed into the bond market and knocked stocks lower on Wall Street. In Japan, where investors are awaiting an economic stimulus package from newly elected Prime Minister Fumio Kishida, the benchmark Nikkei 225 and the Shanghai Composite index rose in morning trading. Indexes fell in Australia, South Korea and Hong Kong. On Wall Street, the sharpest inflation since 1990 forced investors to boost bets that the U.S. Federal Reserve will have to raise short-term interest rates more quickly off their record low. The yield on the 10-year Treasury jumped to 1.55%. 

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content