Asian shares gain as U.S. inflation data not as bad as feared

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Reuters UK

By Alun John HONG KONG (Reuters) – Asian shares rose on Wednesday boosted by U.S. inflation figures that fared better than markets’ worst expectations – and caused U.S. yields to pause their march higher – though Chinese shares remained pressured by COVID-19. Share market sentiment was also capped by gains in oil and other commodity prices after Russian President Vladimir Putin said that on-and-off peace negotiations “have again returned to a dead-end situation for us”, which also hurt the euro. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5% and Japan’s Nikkei jumped 1.54…

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