Asia stocks mixed, U.S. inflation test looms
By Administrator_India
Capital Sands
Asian share markets were mixed on Monday as risk assets found support from the upbeat U.S. October payrolls report, but faced another test later in the week from a reading on U.S. inflation that could spook the rate horses.
The congressional passage of a long-delayed U.S. $1 trillion infrastructure bill cheered investors, though a broader social safety net plan remains elusive.
Data out over the weekend also showed China's exports beat forecasts in October to deliver a record trade surplus, although a miss on imports added to evidence of a slowing in domestic demand.
Moves were modest with MSCI's broadest index of Asia-Pacific shares outside Japan off 0.2%. Japan's Nikkei lost early gains to dip 0.2%, short of a recent five-week peak.
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