Stock market today: Asian shares track Wall Street's rebound

Shares are higher in Asia after Wall Street stocks recovered much of their sharp losses from a day before

BANGKOK -- Shares rose in Asia on Thursday after Wall Street stocks recovered much of their sharp losses from a day before.

Oil prices declined.

Benchmarks rose in most major markets apart from Seoul, while mainland Chinese markets remained closed for the Lunar New Year holiday.

Japan reported its economy contracted at an annual rate of 0.4% in the last quarter of 2023, the second straight quarter it shrank after a 2.9% decline in July-September.

Britain also reported its economy entered a technical recession in October-December, contracting 0.3% from the previous quarter.