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Most Asian indices end up ahead of US Feb inflation data

IIFL 2018-03-13 15:34:00
Most share indices in Asia ended higher tracking a fall in global commodity prices, with gains limited by caution ahead of the release of the US consumer inflation data for February today.

The inflation data is keenly eyed by investors as the US Federal Reserve looks at these numbers closely to decide on future interest rate hikes. The US Fed is expected to raise interest rates four times this year if inflation picks up.

Chinese shares ended lower to snap a three-day winning streak after the country unveiled a massive Cabinet reshuffle plan, including the merger of its banking and insurance regulators to better handle financial risks.

Japan's Nikkei 225 rose for a fourth day as a softer yen against the dollar helped lift exporters, offsetting weakness in steelmakers and automakers.