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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.

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.

(Bloomberg) -- A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Th

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

(Bloomberg) -- Cathay Pacific Airways Ltd. is now the world’s most-shorted major airline stock, as the industry struggles to improve profits even amid a rebound in global tourism.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Rail Riders to Be Reimbu

(Bloomberg) -- Stocks in Asia gained on bets that the upcoming US consumer price report will allow the Federal Reserve to start easing in September. The New Zealand dollar slumped following a surprise rate cut by the country’s central bank.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceJohannesburg Mayor Quits Amid Infighting