Asian shares are mostly lower after the U.S. stock market gave back more of its record-setting rally.

The US stock market gave back more of its record-setting rally as bond markets rattled by high inflation keep ramping up the pressure.

The Dow Jones Industrial Average fell 322.24 points, or 0.65 per cent, to 49,363.88. Read more at straitstimes.com. Read more at straitstimes.com.