Investing.com-- Most Asian stocks fell on Friday ahead of key U.S. jobs data, mirroring overnight losses on Wall Street, while South Korean shares plunged amid an ongoing political crisis.
The leader of South Korea's ruling party Han Dong-hoon said on Friday that the president must be removed from power to protect the nation, citing the attempt to impose martial law.Markets are widely expecting the central bank to leave its key repo rate unchanged at 6.50% as country's recent inflation print in October surged past the central bank's tolerance ceiling of 6%.
"India is likely to remain the fastest-growing country in the region in 2025, although that growth will be weaker than in 2024. Inflation should remain well within the central bank’s target, and the local currency should outperform" ING analysts wrote in a recent note.Focus next week will be squarely on China's annual Central Economic Work Conference for more cues on stimulus measures and the outlook for Asia's largest economy.
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Asia stocks rise tracking Wall St, S.Korean shares fall on political unrestAsia stocks rise tracking Wall St, S.Korean shares fall on political unrest
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