Asian stocks saw mixed trading due to holidays with Wall Street closed for Thanksgiving

Asian Stocks were mixed in thin holiday trading Friday, as tech stocks fell on expectations of a recent interest rate cut. federal Reserve Lost steam.

While developments related to artificial intelligence are adding to the recent volatility in world markets, the focus remains on the outlook for US monetary policy. Recent comments from Fed officials have raised hopes that the central bank will take action during its meeting next month.

“Everyone is moving toward the same conclusion: The Fed will deliver holiday cheer,” Stephen Innes of SPI Asset Management said in a comment.

Japan’s Nikkei 225 was unchanged at 50,172.60, with decliners including AI-linked stocks including Kioxia Holdings, Fujikura and LaserTech.

Tokyo’s year-on-year core inflation stood at 2.8% in November, unchanged from October and above the Bank of Japan’s 2% target, government data showed. This boosts expectations for a gradual shift to higher interest rates by the central bank, although the Bank of Japan is not expected to raise rates at its December meeting.

South Korea’s Kospi fell 1.4% to 3,930.95. data It was revealed that the country’s industrial output fell 4% month-on-month in October, wider than the 1.1% decline in September. Semiconductor production declined 26.5% month-on-month, leading to losses in tech stocks such as LG Energy Solutions, SK Hynix, Samsung Electronics.

In Chinese markets, Hong Kong’s Hang Seng index fell 0.2% to 25,896.33. The Shanghai Composite Index rose 0.2% to 3,883.46.

Australia’s S&P/ASX 200 index fell 0.1% to 8,608.90, while Taiwan’s Taiex rose 0.9%. India’s BSE Sensex was up 0.1%.

Stocks in Europe rose on Thursday ahead of the Thanksgiving holiday.

On Wednesday, ahead of the US trading holiday, stocks closed broadly higher wall StreetThe S&P 500 gained 0,7% and the Dow gained 0,7%, The Nasdaq Composite rose 0,8%,

U.S. benchmark crude oil rose 43 cents to $59.08 a barrel.

Early Friday, international benchmark Brent crude rose 21 cents to $63.08 a barrel.

The US dollar rose to 156.34 JPY from 156.31 yen. The euro fell to $1.1584 from $1.1596.