Asian shares rise after rally on Wall Street as data show US inflation slowing

Asian shares rose following a Wall Street rally driven by slower-than-expected U.S. inflation, with South Korea's Kospi surging 6.2% and Japan's Nikkei 225 rising 1.3%. U.S.-Iran tensions and potential disruptions in the Strait of Hormuz weighed on investor sentiment, while lower U.S. inflation reduced expectations of an imminent Federal Reserve rate hike.