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Stock market today: Asian shares are mostly higher ahead of a US report on inflation

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BEIJING (AP) — Shares were mostly higher in Asia on Tuesday ahead of a report on inflation in the U.S. that could sway the Federal Reserve’s timing on cutting interest rates. U.S. futures and oil prices were higher. Japan’s Nikkei 225 lost 0.6% to 38,586.92, retreating further from its recent record highs as expectations build that the central bank will raise its negative benchmark interest rate next month. That speculation has pushed the Japanese yen higher against the U.S. dollar. Early Tuesda

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