all prices as of 1803 gmt global  global share markets slid on thursday as inflation in the united states hit almost 8 likely cementing the case for an interest rate hike by the us federal reserve and the european central bank sped up its exit from its massive stimulus program mscis gauge of stocks across the globe miwd00000pus shed 065 at 1035 am est 1535 gmt new york  the techheavy nasdaq fell nearly 2 on thursday as us inflation rose to a fourdecade high in february cementing the chances of the federal reserve raising interest rate later this month at 1157 am et the dow jones industrial average dji was down 39216 points or 118 at 3289409 the sp 500 spx was down 5690 points or 133 at 422098 and the nasdaq composite ixic was down 26113 points or 197 at 1299442 london  euro zone stocks fell on thursday after the european central bank surprised markets by accelerating its exit from pandemicrelated stimulus an index of euro zone stocks stoxxe closed down 25 having fallen up to 3 while bluechips stoxx50e slumped 3 tokyo  japans nikkei rallied the most in nearly 21 months on thursday tracking a rebound in global peers as battered market sentiment recovered with ukraine and russia looked set to resume diplomatic talks and crude oil prices easing from recent highs the nikkei share average n225 surged 394 to 2569040 with 222 of its 225 component stocks advancing the rally came after the benchmark lost 7 over the previous four sessions touching its lowest since november 2020 at 2468174 on wednesday shanghai  china and hong kong stocks closed higher on thursday tracking a global rebound ahead of planned russiaukraine diplomatic talks while a string of chinese companies and state media trying to soothe frayed nerves after recent selloffs also lifted sentiment the bluechip csi300 index csi300 rose 16 to end at 429284 while the shanghai composite index ssec gained 12 to 329609 australia  australian shares closed higher on thursday as banks and technology stocks rallied amid hopes of some headway in russiaukraine diplomatic talks although the gains were capped by mining and energy stocks the spasx 200 axjo ended 11 higher at 713080 its best session since feb 9 the benchmark rose 1 on wednesday seoul  south korean shares posted their biggest jump in more than a year on thursday buoyed by hopes of investorfriendly market reforms by president elect yoon sukyeol while oil paring steep gains also lifted sentiment the benchmark kospi ks11 ended up 5792 points or 221 at 268032 its sharpest rise since feb 25 2021 cheering former top prosecutor yoons win that signalled a turn for capital market deregulation for asias fourthlargest economy new york  the euro retreated from its overnight gains on thursday following the european central banks announcement it will phase out its stimulus in the third quarter while the dollar strengthened after a strong us inflation report 10 am eastern time the euro was down 057 at 11013  while the dollar index dxy was up 0406 at 98368 following the inflation report after falling 117 on wednesday shanghai  chinas yuan eased against the dollar on thursday dragged lower by a weakerthanexpected official midpoint fixing as traders remain on tenterhooks over geopolitical tensions and the broad economic fallout of russias invasion of ukraine in the spot market onshore yuan opened at 63162 per dollar and was changing hands at 63203 at midday 28 pips weaker than the previous late session close australia  the australian and new zealand dollars were suffering a case of whiplash on thursday as a sudden change in market mood saw stocks swing back in the black and commodity prices ease leaving the nearterm direction uncertain the aussie had paused at 07309  having bounced 07 overnight and away from support at 07265 the 200day moving average is just ahead at 07316 but the weeks top of 07440 is a distant target seoul  the won ended at 12283 per dollar on the onshore settlement platform on thursday 071 higher than its previous close new york  the benchmark us 10year treasury yield rose on thursday after us inflation data confirmed rapidly rising prices cementing expectations of a federal reserve interest rate hike next week while the european central bank took a hawkish turn the yield on 10year treasury notes was up 49 basis points to 1997 after hitting 2013 its highest level since feb 25 the 10year yield is on track to climb for a fourth straight day its longest streak of gains in a month london  euro zone bond yields soared on thursday after the european central bank said it plans to end bond buying in the third quarter as surging inflation outweighs the risks to economic growth from russias invasion of ukraine germanys twoyear yield sensitive to interest rate expectations rose more than 17 bps to 035 as traders ramped up rate hike bets fiveyear yields turned positive for the first time since feb 28 and 10year bund yields rose to 030 the highest since feb 16    tokyo  mediumdated japanese government bond yields climbed further from recent lows on thursday as planned diplomatic talks between russia and ukraine and a break in oils steep climb reduced demand for safe havens the 10year yield added 15 basis points to 0175 as of 0510 gmt and that on the fiveyear note rose by the same amount to 0010 gold steadied near the 2000 an ounce level on thursday after big gyrations over the past couple of sessions as its safehaven appeal was supported by a lack of progress in talks between russia and ukraine spot gold were steady at 199237 per ounce by 1544 gmt after tumbling as much as 3 on wednesday us gold futures inched up 05 to 199860 chinese stainless steel futures plunged 12 to hit their trading limit on thursday after shanghai futures exchange halted some nickel trading fuelling expectations of a drop in the raw materials prices stainless steel futures for april delivery hit a lower trading limit of 12 falling to 19700 yuan 311684 a tonne since wednesdays night session and stalled in thursday morning trade steelmaking raw materials on the dalian commodity exchange all fell benchmark iron ore futures declined 32 to 808 yuan a tonne at close they had fallen as much as 88 earlier during the session aluminium clawed back some of the previous days losses as uncertainty over supply from russia ramps up price volatility benchmark aluminium on the london metal exchange lme was up 25 at 3424 a tonne at 1719 gmt having earlier been up 65 lme copper was up 12 at 10126 a tonne the lme does not expect to resume nickel trading before friday after halting it on tuesday when a short squeeze sent prices soaring above 100000 a tonne oil edged higher on thursday after its biggest plunge in two years in the previous session as uncertainty over russian supplies roiled the market despite moscows reassurance over its contractual energy obligations brent futures were up 129 or 12 to 11243 a barrel by 1150 am et 1650 gmt while us west texas intermediate wti crude rose 63 cents or 06 to 10933 a barrel malaysian palm oil futures fell on thursday retreating from previous sessions rally fuelled by top producer indonesias decision to widen export curbs as higherthanexpected february inventories weighed on the market the benchmark palm oil contract for may delivery on the bursa malaysia derivatives exchange closed down 125 ringgit or 177 to 6949 ringgit 166006 a tonne japanese rubber futures slid on thursday hit by a jittery oil market and concerns over ongoing war in ukraine while high february inflation numbers also weighed on sentiment the osaka exchange rubber contract for august delivery  finished 20 yen or 08 lower at 2455 yen 212 per kg