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Asian shares traded mixed Wednesday, as Japan’s benchmark perked but quickly ran out of steam from news the prime minister won’t seek re-election as head of the ruling party. Japan’s benchmark Nikkei 225 was down 0.1% in morning trading at 36,192.93. Japan’s ruling Liberal Democratic Party controls the majority in the lower house of parliament, which picks the nation’s leader.

Asian shares traded mixed Wednesday, as Japan’s benchmark perked but quickly ran out of steam from news the prime minister won’t seek re-election as head of the ruling party. Japan’s benchmark Nikkei 225 was down 0.1% in morning trading at 36,192.93. Japan’s ruling Liberal Democratic Party controls the majority in the lower house of parliament, which picks the nation’s leader.

Stocks surged as investors were encouraged by cooler producer inflation. The Dow rose 400 points and the Nasdaq surged 2.4% ahead of CPI data.

Stocks surged as investors were encouraged by cooler producer inflation. The Dow rose 400 points and the Nasdaq surged 2.4% ahead of CPI data.

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Stocks that are taken off benchmark indexes often outperform the market by 5% a year, Rob Arnott reported in a note.

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