SINGAPORE — Asia-Pacific shares traded mixed on Thursday, following overnight losses on Wall Street.

Japan’s Nikkei 225 extended losses from the previous session — the benchmark index was down 0.43% while the Topix fell 0.28%.

The Australian government has a number of laws that protect the environment. ASX 200Trades rose 0.2% after retracing early losses. The overnight drop in crude oil futures prices put pressure on the energy sector. Oil plays like Santos, Oil Search Woodside PetroleumThe range was 0.88% to 1.433%.

A mix of shares of the so-called Big Four Banks traded, decreasing some of their previous losses. ANZThey were down by 0.07% Commonwealth BankThe increase was 0.13% WestpacThe loss was 0.27% National Australia BankIt was almost flat.

Analysts at ANZ Research stated in a morning note that equity markets were weak overnight because of inflation worries. The UK’s inflation was higher than anticipated and the supply constraint weighed down on US housing starts.

The U.K.’s Consumer Price Index rose by 4.2% in the 12 months to OctoberThis is an increase of 3.1% from September, beating the expectations of economists who expected 3.9%.

The Bank of England is likely to increase pressure to raise interest rates during its December meeting due to Wednesday’s data. Investors expected that the central bank would raise rates after the coronavirus pandemic, but it held them steady in November.

The administration of President Joe Biden has asked the largest oil-consuming nations to release some crude oil reserves in order to help coordinate efforts to lower prices and aid economic recovery. according to media reports.

The currency market is another place. U.S. dollar last traded at 95.828 against a basket of its peers — the dollar index climbed from levels below 95.200 in the previous week.

It Japanese yenChanged hands at 114.15 dollars while the Australian dollarTraded close to flat at $0.7268

— Matt Clinch from CNBC contributed to this report.