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Asian stocks extend global gains ahead of U.S. inflation test

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Reuters

By Julie Zhu HONG KONG (Reuters) – Asian shares followed Wall Street higher in early trade on Tuesday as the passage of a U.S. infrastructure bill boosted sentiment while oil prices gained on the outlook for energy demand in an expansive global economy. The congressional passage of a long-delayed U.S. $1 trillion infrastructure bill over the weekend has cheered investors, who however face another test later in the week from a reading on U.S. inflation that may influence plans for tightening monetary policy. Early in the Asian trading day, MSCI’s broadest index of Asia-Pacific shares outside Ja…

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