Asian Markets Mixed as Investors Await Key US Inflation Data

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#d58d5628 ver:0.95

Asian shares traded within narrow ranges on Monday as investors looked ahead to a busy week of economic data, including the Federal Reserve's preferred inflation gauge. Shares in Australia and Hong Kong edged higher, while those in Japan and mainland China slipped. US equity futures were little changed after a muted end to the week on Wall Street. The offshore yuan strengthened on signs of official support after China's central bank set a stronger-than-expected daily reference rate. The yen strengthened after Japan's top currency official warned about excessive currency speculation and said authorities were prepared to take action if needed. The dollar edged lower following a recent run of gains, with all major currencies strengthening against the greenback. Investors will be monitoring a ...

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