TOKYO—Global shares were mostly lower Wednesday as investors fretted that the Federal Reserve might raise interest rates faster if the pressure stays high on inflation.
France’s CAC 40 shed 0.2 percent to 7,325.65 in early trading. Britain’s FTSE 100 dipped 0.3 percent to 7,898.54. Germany’s DAX inched down less than 0.1 percent to 15,555.97. U.S. shares were set to drift higher with Dow futures up 0.1 percent at 32,901.00. S&P 500 futures rose nearly 0.1 percent to 3,993.25.
Japan’s benchmark Nikkei 225 edged up 0.5 percent to finish at 28,444.19. Australia’s S&P/ASX 200 slipped 0.8 percent to 7,307.80. South Korea’s Kospi dropped 1.3 percent to 2,431.91.
Chinese shares sank after authorities in Beijing announced plans for a regulatory shakeup. Hong Kong’s Hang Seng tumbled 2.4 percent to 20,051.25, while the Shanghai Composite slipped less than 0.1 percent to 3,283.25. Oil prices fell….