Asian Shares Edge Up as Investors Await US Data for Clues on Rates
• Asian shares mostly higher ahead of consumer confidence and inflation data from US • Investors cautiously optimistic that US inflation has cooled enough for Fed to end rate hikes • Signs of US economic slowdown and uncertainty in China weighing on investor sentiment • Shopify stock rose 4% after record $4.1B in merchant sales on Black Friday • Focus remains on what Fed does next with interest rates to cool inflation without sparking recession