Asian markets mixed as traders await key inflation report
Markets rise Tokyo, Shanghai, Sydney and Wellington but fall in Hong Kong, Singapore, Taipei, Manila and Jakarta today. – EPA pic, April 12, 2023.
ASIAN markets were mixed today as traders jockeyed ahead of US inflation data that could play a key role in the Federal Reserve’s interest rate decision-making. While a healthy jobs report on Friday soothed worries about a possible recession, it also reinforced expectations the central bank will press ahead with monetary tightening as it tries to cool the economy and bring inflation down.
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