Asia markets fall as traders assess Tokyo inflation print and South Korea manufacturing data

1 hour ago 2

People crossing thoroughfare successful Tokyo's engaged Akihabara downtown area

Leopatrizi | Istock | Getty Images

Asia-Pacific markets were acceptable to commencement Friday mostly little with investors assessing November ostentation numbers from Japan's superior of Tokyo and concern accumulation figures from South Korea.

The headline ostentation rate successful Tokyo came successful astatine 2.6%, a rebound from the 1.8% seen successful October.

Core inflation, which excludes costs of caller food, roseate to 2.2% compared with Reuters canvass expectations of 2.1%.

Tokyo's ostentation numbers are wide considered to beryllium an indicator of nationwide trends.

Separately, South Korea's industrial production saw a 2.3% summation twelvemonth connected twelvemonth successful October, marking a reversal from the 1.3% autumn successful September.

Japan's Nikkei 225 was acceptable to fall, with the futures declaration successful Chicago astatine 38,215 and its counterpart successful Osaka astatine 38,180 against the index's past adjacent of 38,349.06.

Australia's S&P/ASX 200 started the time marginally lower.

Futures for Hong Kong's Hang Seng index stood astatine 19,455, pointing to a stronger unfastened compared to the HSI's adjacent of 19,366.96.

U.S. markets were closed for Thanksgiving connected Thursday, and volition beryllium unfastened lone for a fractional time connected Friday.

— CNBC's Lisa Kailai Han and Jesse Pound contributed to this report.

India contention watchdog to analyse Google's gaming app policy

India's contention watchdog connected Thursday ordered a probe into Google's restrictive policies for real-money games connected its platform, pursuing a ailment by online gaming level WinZO that called it discriminatory.

The determination compounds Google's regulatory headaches successful India, wherever it has already been deed with astatine least two penalties for abusing its ascendant presumption successful the Android operating strategy market.

Google did not instantly respond to requests for remark made aft moving hours successful India and with the Thanksgiving vacation successful the United States.

WinZO, which offers real-money games, archetypal approached the Competition Commission of India successful 2022, aft a alteration successful the U.S. company's gaming app argumentation continued to exclude WinZO from Google's Play Store, adjacent arsenic it accepted immoderate of its competitors.

— Reuters

CNBC Pro: 7 stocks to bargain earlier the year-end, according to the pros

As investors hole their portfolios for 2025, Wall Street's finest person identified respective European companies they judge connection important maturation imaginable contempt marketplace uncertainties.

Moran Stanley downgraded European equities to neutral earlier this year. Yet, they suggest "Europe is simply a banal picker's market" present since equities connected the continent person begun to diverge from each different successful presumption of performance.

Meanwhile, concern steadfast Bernstein's apical 10 picks outperformed the MSCI Europe Small scale by 5 percent points since the extremity of October.

CNBC Pro subscribers tin work much here.

— Ganesh Rao

How to 'tariff-hedge' your European portfolio, according to TS Lombard

As Europe faces the imaginable of tariffs connected its exports to the United States, TS Lombard has advised investors successful the portion connected however to "tariff-hedge" their portfolios.

In a enactment this week, Davide Oneglia, manager of European and planetary macro at TS Lombard, advised European investors to code their "tariff risk" by looking astatine their vulnerability "in the mode Donald Trump ... does, i.e. successful presumption of the USD worth of the U.S. deficit/surplus successful goods by state and sector."

He suggested 3 cardinal ways investors could support their portfolios.

Pro subscribers tin work much here.

— Holly Ellyatt

Read Entire Article