South Korea stocks lead declines in Asia-Pacific as its industrial production contracts in October

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Tokyo’s headline inflation rate came in at 2.6%, rebounding from the 1.8% seen in October.

Asia-Pacific markets mostly lost ground on Friday, led by losses in South Korean stocks after its industrial production declined for a second straight month in October.Industrial production saw a 2.3% increase year on year in October, marking a reversal from the 1.3% fall in September.Core inflation, which excludes costs of fresh food, rose to 2.2% compared with Reuters poll expectations of 2.1%.Tokyo's inflation numbers are widely considered to be a leading indicator of nationwide trends.

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