Asian shares mixed on hopes for avoiding recession

Asian shares mixed on hopes for avoiding recession

BEIJING — (AP) — Asian stock markets were mixed Thursday amid hopes Western economies can avoid a recession despite higher interest rates to cool inflation. Hong Kong and Seoul advanced. Tokyo declined. Markets in China, India and Australia were closed for holidays. Wall Street ended Wednesday little changed after recovering from a slump early in the day. Investors are optimistic the United States and European economies can avoid a recession despite warnings by Federal Reserve and other central bank officials …