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Asian shares mixed after US inflation report

Asian shares were mixed Thursday, 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 climbed 0.6% in morning trading to 29,295.20. “Sentiments may be expected to remain capped by the negative lead in Wall Street overnight, with market participants taking some risks off the market while awaiting reassurances on monetary policy stance,” said Yeap Jun Rong, market strategist at IG in Singapore.

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