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Asian markets were trading mixed following losses on Wall Street and as investors assessed trade data out of Japan ahead of the rate decision by the Bank of Japan this week. Nikkei was trading lower by 0.20% while Hang Send and Shanghai were trading higher by 0.82% and 0.69% respectively.
In November 2024, Consumer Price Index (CPI) inflation eased to 5.5% from a 14-month high of 6.2% in the previous month, while Wholesale Price Index (WPI) inflation fell to 1.9%. The Purchasing Managers' Index (PMI) decreased compared to the previous month.
The unemployment rate fell in November 2024. Foreign Institutional Investment (FIIs) and mutual funds (MFs) witnessed outflows during the month. Crude oil prices fell on a MoM basis in November.
Asian markets were trading mixed on mixed signals from the US markets as investors look forward to the US Fed's decision. Nikkei and Shanghai were trading higher by 0.10% and 0.28% respectively while Hang Seng was trading lower by 0.12%