Asian markets were trading mixed in early deals on Thursday as traders remained cautious ahead of the release of US consumer price inflation data later today, which could have a significant impact on the outlook for interest rates. Street expects CPI Thursday’s report to show inflation is continuing to cool from its summertime peak, down to 6.5% last month from 7.1% in November and from more than 9% in June. However, Japanese market was trading higher amid Japan’s Finance Ministry reported the country’s current account returned to the black in November for the first time in two months, reflecting a slimming of the trade deficit as the yen regained value against the U.S. dollar and other currencies.
Asian markets are trading mixed; Straits Times fell 7.17 points or 0.22% to 3,264.34, Hang Seng declined 95.74 points or 0.45% to 21,340.31, Taiwan Weighted lost 8.26 points or 0.06% to 14,743.18 and Shanghai Composite was down by 7.13 points or 0.23% to 3,154.71.
On the other hand, Nikkei 225 rose 25.92 points or 0.10% to 26,471.92, KOSPI added 7.84 points or 0.33% to 2,367.37 and Jakarta Composite was up by 66.70 points or 1.01% to 6,651.15.
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