Asian shares mostly rose Thursday as investors tried to gauge U.S. inflation, tensions between Russia and Ukraine and the impact of the pandemic.
Japan’s benchmark Nikkei 225 rose 0.4% to 27,680.91. Australia’s S&P/ASX 200 gained 0.1% to 7,275.70. South Korea’s Kospi added 0.1% to 2,771.88. Hong Kong’s Hang Seng edged down 0.1% to 24,803.59, while the Shanghai Composite was little changed at 3,480.49.
Japan extended measures in Tokyo and some other places to curb outbreaks of the coronavirus for three weeks, until March 6, to try to bring the spread of the omicron variant under control. Also on market players’ minds is how Russia has massed over 100,000 troops near Ukraine’s border, prompting protests from the U.S., Europe and other allies. Western nations say they will impose their toughest-ever sanctions on Russian businesses and individuals if Moscow invades Ukraine.
Investors are focusing on company earnings reports as they try to gauge how Corporate America is dealing with higher inflation and persistent global supply chain disruptions. The Walt Disney Co. and Uber rose in after-hours trading after each reported results that topped Wall Street’s estimates.
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