Asia-Pacific stocks mixed in cautious trade as investors brace for US inflation data

News Snapshot:

Japan (NKY:IND) +0.05% Japan PPI for October -0.4% m/m (expected 0.0%) and +0.8% y/y (expected +0.9%). China (SHCOMP) +0.25%. Hong Kong (HSI) +0.61%. India (SENSEX) -0.49%. Total passenger vehicle sales in India surged by 17.3% from a year earlier to 341,377 in October 2023, accelerating sharply from a 3.1% rise in the previous month Australia (AS51) -0.40%. In the U.S. on Friday, all three major indexes ended sharply higher, as Treasury yields stabilized and investors were digesting recent data and hawkish Fed comments. Meanwhile, investors remained cautious following another downgrade on US credit rating outlook as concerns about the country’s...