Asia-Pacific markets traded mixed Thursday. Singapore's manufacturing output for November missed expectations.a record $735 billion budget
for its fiscal year starting in April. The budget will account for increased social security and debt-servicing expenses, a draft reviewed by Reuters revealed.The 10-year Japan government bond yield rose 1.3 basis points to 1.078%, while the yen strengthened to 157.16 against the dollar on Thursday, signaling the market expects the bank could undertake interest rate hikes.increased 8.
Overnight in the U.S., markets were closed for Christmas. Stocks jumped Tuesday on Christmas Eve as the market pulled off back-to-back gains in the holiday week.Tuesday marked the start of the seasonal Santa Claus rally, which happens in the last five trading days of the year and the first two in January.Mega millions