Asian markets remain mixed after Japan’s GDP shrank (USD:JPY)

Japan (NKY:IND) -1.68%. Japan’s Q3 GDP shrank 0.7%, current account surplus stood at ¥2,582.8B in October.

China (SHCOMP) +0.11%.

Hong Kong (HSI) -0.05%.

The unemployment rate in Malaysia edged lower to 3.4% in October 2023 from 3.6% in the corresponding month of the previous year.

Indonesia’s consumer confidence declined to 123.6 in November 2023 from 124.3 in the previous month.

South Korea registered a current account surplus of $$6.8 billion in October 2023, remaining positive for the sixth straight month

India (SENSEX) +0.22%. The Reserve Bank of India held its benchmark policy repo at 6.5% for the fifth consecutive meeting in December 2023 to ensure inflation stays within the central bank’s 2-6% target range while supporting growth.

Australia (AS51) +0.30%.

In the U.S. on Thursday, Dow, S&P halt three-day losing streak, Nasdaq adds +1%. A jump in megacap technology stocks over fresh euphoria around artificial intelligence (AI) drove the performance.

A general consensus that the Fed is done hiking rates and will soon pivot to cuts led to an astonishing rally for markets in November. The labor market data this week has only strengthened that consensus.

U.S. stock futures traded in negative territory: Dow -0.02%; S&P 500 -0.17%; Nasdaq -0.28%.

Coming up in the session: A quieter day on calendar.

Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).