Benchmarks in Tokyo and Hong Kong advanced while Sydney declined. Markets in mainland China, South Korea and Taiwan were closed. Hong Kong and Southeast Asia were due to close later in the week.
Investors have been rattled by the Federal Reserve's decision to try to cool inflation by accelerating plans to raise interest rates and wind down bond purchases and other stimulus that is boosting stock prices. The Nikkei 225 in Tokyo rose 1% to 26,981.89 after the government reported December retail sales fell 1% from the previous month's 2 1/2-year high. That was driven by a 4% fall in food purchases.New Zealand and Singapore gained while Jakarta retreated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: