Asian shares were mixed on Wednesday despite a rally on Wall Street driven by optimism over reports suggesting the American economy is in better shape than feared.
Australia's benchmark S&P/ASX 200 jumped 1.1% to 7,194.00 after the government reported that the consumer price index rose 5.6% in the twelve months to May. The most significant price rises included housing and food. The Reserve Bank of Australia made a surprise move of raising interest rate earlier this month to counter persisted price pressures.
