Asian shares mixed after last week’s gains on Wall Street

BANGKOK (AP) — Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four.

Tokyo and Shanghai rose while Hong Kong, Seoul and Sydney fell. Taiwan’s benchmark jumped 3.8%.

Attention was turning to Wednesday’s decision by the Federal Reserve on interest rates. A report Friday showed that U.S. inflation is continuing to cool, raising hopes for a smaller increase that’s less painful than last year’s aggressive hikes.