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BUSINESSAug 17 · 05:15 UTCWDIV CLICKONDETROITElaine Kurtenbach, Associated Press

Asian shares are mostly higher while US futures and oil prices hold steady

Asian shares were mostly higher Monday, led by gains in Tokyo's Nikkei 225 and Hong Kong's Hang Seng. Despite some weakness in U.S. markets, US futures and oil prices remained steady, though the Federal Reserve faces challenges balancing high inflation with slowing economic growth, a scenario called "stagflation". Major financial indicators also saw movement, including Brent crude edging up and the U.S. dollar falling against the Japanese yen.

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