Stock market today: Asian shares echo Wall Street rally as investors gauge inflation data

Asian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half. Benchmarks rose in Tokyo, Sydney, Seoul and Hong Kong in Tuesday morning trading. Investor attention is now turning to the latest monthly updates on inflation at the consumer and wholesale levels being released later this week. The U.S. Federal Reserve has been using high interest rates to pump the brakes on the economy in order to stifle inflation. It’s expected start lowering rates later this month. Shares rose on Wall Street.