Asian shares slip ahead of key U.S. inflation data

Overnight the S&P 500 lost 0.72% and the Nasdaq Composite dropped 1.71%. S&P 500 futures rose 0.14% in Asian hours.

"Also there is a slight sense of 'let's not have too much risk on the table for the weekend'. Of course, there is CPI out in the U.S. - but I think we've all woken up to the fact that there is inflation in the U.S. now," he added. "This issue has been going on for two and a half months now, and markets don't seem to be as fussed because a default on Evergrande's offshore debt has seemed highly likely," said Shane Oliver, head of investment strategy at AMP Capital.

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Oil also skidded. U.S. crude CLc1 dipped 0.5% to $70.56 a barrel. Brent crude LCOc1 fell 0.47% to $74.08, ☛ ☛ ☛while gold, however, edged higher on the worries. The spot price XAU= rose 0.2% to $1777.8 an ounce

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