Asia shares inch up as chip selloff eases, US CPI awaited

Asia shares: Asia shares refers to equity markets across the Asia-Pacific region rather than a single organization or company. In this news, regional stocks edged higher as artificial-intelligence-related shares recovered from a previous selloff, while investors remained cautious ahead of U.S. inflation data and elevated oil prices. Market drivers: The rebound was led by semiconductor-linked stocks, including Samsung Electronics and SK Hynix, after heavy losses in the previous session. Risk sentiment: Higher oil prices and concerns about the durability of the artificial-intelligence rally continued to limit gains in Asian equities. Monetary policy: Investors were awaiting U.S. consumer-price data for signals about the Federal Reserve's next interest-rate decision.