NEW YORK — Stocks are showing slight gains as Wall Street puts the finishing touches on one of its best months of the year. The S&P rose 0.2% while the Dow Jones Industrial Average is up 146 points, or 0.3%. The Nasdaq rose 0.1%. Friday is an abbreviated trading day -- stock markets close at 1 p.m. ET and the bond market closes an hour later. Investors are waiting to see how willing shoppers are to spend on gifts for the holidays.
In Asian trading, Tokyo's Nikkei 225 index fell 0.4% to 38,208.03 after the government reported that inflation in Tokyo, considered an indicator for national trends, was 2.6% in November, up from 1.8% last month mainly due to a surge in fresh food prices. Core inflation, which excludes fresh food prices, rose modestly to 2.2% year-on-year from 1.8% in October.
South Korea’s Kospi lost 2% to 2,455.91 after the central bank cut its benchmark interest rate on Thursday to relieve pressure on its slowing economy. Australia's S&P/ASX 200 edged 0.1% lower to 8,436.20.
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