Investing.com-- Asian stocks were mixed on Wednesday as investors exercised caution ahead of a key U.S. inflation reading, while Chinese stocks rose ahead of country’s annual economic policy meeting.
U.S. stock index futures were slightly higher in Asian trade, after closing lower overnight due to weakness in technology stocks. Focus is now on keyFocus was on China’s Central Economic Work Conference , a two-day meeting starting later in the day. The meeting comes after China's Politburo offered its most dovish signals yet on plans to unlock more stimulus and support growth.
The impending increase in U.S. import tariffs could significantly impact China’s economy, potentially reducing its gross domestic product by 1.5% over the next few years, ANZ analysts said in a recent note.extended gains with a 0.6% rise, regaining some of the ground it lost on Monday and in the prior week. South Korean President Yoon Suk Yeol is under criminal investigation for insurrection following his controversial declaration of martial law earlier this month.
Markets are split over whether the BOJ will raise interest rates again when it meets next week, as recent data showed Japan's economy grew slightly more than initially estimated in the July-September quarter. But growth slowed sharply from the prior quarter.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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