Stock market today: Wall Street edges back from its record heights [Video]

TOKYO – Asian shares retreated on Tuesday after U.S. stocks edged back from their record heights.

Most regional markets fell, while Shanghai advanced. U.S. futures and oil prices were little changed.

“All in all, investors are taking a well-deserved breather to start the week,” Stephen Innes of SPI Asset Management said in a commentary. “This subdued tone suggests a moderation in investor sentiment following the recent tech-driven buying spree.”

Tokyo’s Nikkei 225, which has twice breached records in recent days, was flat at 39,238.82. That was after the government reported that consumer prices rose 2.2% in January from the year before, less than the 2.6% rate in December, but above forecasts. That supported expectations that the Bank of Japan may soon make a shift in its longstanding ultra-lax monetary policy, which is underpinned by a minus 0.1% benchmark interest rate.

Chinese markets were mixed, with Hong Kong’s Hang Seng falling 0.4% …