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Asian shares mostly lower after mixed day on Wall Street

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BANGKOK – Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial companies offset other gains.

Shanghai advanced after reopening following the Lunar New Year holiday. Shares fell in Tokyo, Hong Kong and Seoul. The yield on the 10-year Treasury note held near its highest level in a year, at 1.27%.

Bond rates have risen on expectations that pandemic recoveries will push inflation higher, and that has capped buying enthusiasm, as investors have sold to lock in recent gains.

The U.S. Labor Department reported Wednesday that U.S. wholesale prices surged by a record 1.3% in January, led by big gains in health care and energy prices.

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Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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