Asian shares trade mostly higher after Wall Street snaps its 3-day losing streak

Shares were mostly higher Monday in Asia after Wall Street broke its three-day losing streak, trimming its losses for last week.China factory data are due out on Tuesday and a quarterly business sentiment survey by the Bank of Japan comes on Wednesday.

The next big event for Wall Street could be a looming shutdown of the U.S.government, with a deadline set for this week.

But such political impasses have had limited impact on the market before.U.S.

jobs data also will be in the spotlight.U.S.

futures edged higher early Monday and oil prices fell.Tokyo’s Nikkei was the regional outlier, giving up 1% to 44,892.52.Chinese markets advanced, with the Hang Seng in Hong Kong adding 1.5% to 26,518.03, while the Shanghai Composite index gained 0.1% to 3,832.65.Australia's S&P/ASX 200 rose 0.7% to 8,545.70, while the Kospi in South Korea surged 1.3% to 3,430.57.

On Friday, U.S.stocks trimmed their losses for the week after a report showed that inflation is behaving roughly as economists expected, even if it’s still high.

The S&P 500 rose 0.6% to 6,643.70.The Dow Jones Industrial Average gained 0.7% to 46,247.29, while the Nasdaq composite added 0.4% to 22,484.07.

All three indexes pulled closer to the all-time highs they set at the start of the week.Stocks got some help from the report showing inflation in the United States accelerated to 2.7% last month from 2.6% in July, according to the measure of prices that the Federal Reserve likes to use.

While that’s above the Fed’s 2% target, it was precisely what economists had forecast.Popular ReadsTrump admin live updates: Gov.says 'no need' after Trump directs troops to PortlandSep 28, 1:39 PM4 dead, 8 injured in Michigan church shooting and fire set by gunman: PoliceSep 28, 8:51 PMSniper opens fire on Dallas ICE facility, killing 1 detainee, wounding 2: DHSSep 24, 6:39 PMThat offered some hope that the Fed could continue cutting interest rates in order to give the economy a boost.

Without such cuts, grow...