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Asian shares got off to a lacklustre start on Monday, after rising inflation and a hawkish tone from the US Federal Reserve Chair rekindled expectations that the Fed is on track to hike interest rates.
Japan’s Nikkei stock index added 0.3 percent, getting a tailwind from a weaker yen and trade data released before market open showed a better-than-expected rise in April exports.
US shares fell and Treasury yields and the dollar rose on Friday, after the US Labor Department’s gauge on core consumer goods prices rose by 0.3 percent last month, bringing the year-on-year rise to 1.8 percent, the highest since October.
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