Asian shares led a global rally on Tuesday on optimism about an easing of China's crackdowns on tech and COVID-19, but concerns about rising prices worldwide set a nervy tone in markets as investors wait for more signals from policymakers.

TOKYO (Reuters) -Nomura Holdings Inc said it is targeting an up to 90% jump in core pretax income in three years as Japan's biggest brokerage and investment bank plans to beef up advisory services in pursuit of revenue less vulnerable to market swings.

The Indian rupee gradually recovered after touching a record low on Tuesday, after the central bank intervened while bond yields edged higher tracking the uptick in global crude oil prices.

India's annual wholesale price inflation accelerated to a 15.08%% in April from the previous month's 14.55%, remaining in double-digits for the 13th month in a row, government data showed on Tuesday.

India's wholesale prices accelerated at the fastest pace since at least April 2005, according to Refinitiv data, as the Ukraine war and a weak rupee pushed up energy and raw material costs for companies.

Nestle SA is flying baby formula supplies to the United States from the Netherlands and Switzerland to alleviate tha shortage in U.S. supermarkets, the company said in an emailed statement to Reuters on Tuesday.