Asian shares are higher as easing worries over inflation reduce odds for another Fed rate hike

Asian markets trended higher on Monday as investors responded to cooling inflation concerns. The positive sentiment is linked to a decreased probability of further interest rate hikes by the U.S. Federal Reserve, ahead of a week expected to feature significant U.S. economic data releases.

Market performance across the region showed variation. Japan’s Nikkei 225 index experienced notable gains, while stock prices in Sydney and Hong Kong remained relatively stable.