Asian shares mixed as investors digest US inflation surge

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SHANGHAI : Asian shares were mixed on Thursday, while the dollar slipped as global investors assessed that strong U.S. inflation data was not worrying enough to change the Federal Reserve's already hawkish rates outlook.While the U.S. consumer price index rose 7per cent in the 12 months through December,

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SHANGHAI : Asian shares were mixed on Thursday, while the dollar slipped as global investors assessed that strong U.S. inflation data was not worrying enough to change the Federal Reserve's already hawkish rates outlook.

"If you are a global investor and you've seen very significant stock market gains in the U.S. during 2021, if you are seeing inflation as a threat then a lot of investors may be tempted to reallocate funds away from developed equity markets in the West into the mix of developed and developing markets in East Asia," he said.

The comments underscore the divergence in economic and policy outlooks between the world's two largest economies.

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