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Asia shares track Wall Street higher as inflation worries recede

Published by
Reuters

By Julie Zhu HONG KONG (Reuters) -Asian shares climbed in morning trade on Tuesday, tracking a Wall Street rally overnight, while the dollar held near a fourth-month low as investors tempered fears about inflation-driven rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1% at a two-week high, after U.S. stocks ended the previous session with mild gains. Australian shares were up 0.69%, while Japan’s Nikkei stock index rose 0.6%. Chinese stocks hit a 2-1/2-month high on financial services, consumer and tourism gains in morning trade. The blue-chip CSI300 index jumped…

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