World Stocks Retreat as Inflation Augurs Fed Rate Hikes

A currency trader covers his face with his hands at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Jan. 13, 2022. Ahn Young-joon/AP Photo

BANGKOK—Shares were mostly lower in Asia on Thursday after the latest report of surging prices in the U.S. appeared to keep the Federal Reserve on track to raise interest rates in the coming months.

London, Paris, Tokyo, and Shanghai were lower while Sydney and Hong Kong advanced.