Stock market today: Asian shares mixed after Wall Street hits 2023 high

Asian shares are mixed after Wall Street reached a 20-month high ahead of a week that includes essential U.S. inflation data and a final rate decision of the year by the Federal Reserve. Benchmarks in Hong Kong lost nearly 2%, while markets in Japan gained. On Friday, the S&P 500 rose 0.4% to clinch its longest weekly winning streak in four years. The Dow and Nasdaq also gained 0.4%. Treasury yields rose more sharply following the report, which said U.S. employers added more jobs than economists expected last month. The strong data have kept concerns about a recession at bay, but the worry is a strong economy could also give inflation more fuel.