Asian Shares Mixed as Kishida Exit Sparks Uncertainty in Japan

Asian markets displayed mixed results as Japan`s benchmark index saw initial gains following Prime Minister Kishida`s announcement of not seeking re-election as party leader, but later lost momentum. While some investors are optimistic about potential new leadership within the ruling party, global market uncertainty, particularly surrounding the U.S. economy, continues to foster caution. Despite this, Wall Street experienced a surge following positive U.S. economic reports, particularly slowing inflation, which may influence the Federal Reserve`s interest rate decisions.