Asian Shares Slide Ahead Of US Inflation Data

Asian stocks ended mostly lower on Wednesday, even as pressure on tech stocks eased and dovish Fed remarks spurred expectations that the U.S. Federal Reserve may not need to raise interest rates aggressively next year.

The U.S. dollar retreated from an 18-month high while gold dipped below $4,150 an ounce, extending losses for the third straight session ahead of U.S. CPI data later in the day, which could influence the Fed’s rate trajectory.