Asian shares are mixed after U.S. markets were closed for the Thanksgiving holiday
Asian shares were mixed on Friday after U.S. markets were closed Thursday due to the Thanksgiving holiday.
U.S. futures and oil prices rose.
Tokyo’s Nikkei 225 index fell 0.4% to 38,183.31 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.
Higher inflation tends to reinforce expectations that the Bank of Japan will push ahead with more increases in its benchmark lending rate. That, in turn, pushes up the value of the Japanese yen, which was trading at 149.
