Japan's market extended this week's gains, driven by a surge in tech and defense stocks. The yield on 10-year government bonds advanced to a new 17-year high.
China's and Hong Kong's benchmark indexes extended losses for the second consecutive month in November amid receding risk appetite for stocks and wild market swings.
China stocks attempted to extend the recent market rally powered by high-flying tech stocks. Industrial profit growth slowed in the ten-month period to October.
Japan's indexes struggled to rebound after investors returned from a 3-day holiday. The yen retained a downward bias amid worries about Japan's fiscal health and the Bank of Japan's reluctance to lift rates at a rapid pace.
Japan's core and overall inflation stayed elevated in October, driven by a weaker yen and the ending of the subsidies for electric utilities. Japan's international goods trade registered a deficit for the fourth month in a row in October.
Japan's stock indexes rebounded following solid quarterly results from Nvidia Corp., the company at the center of the AI-driven market rally. The Japanese yen dropped to a 10-month low ahead of the release of Prime Minister Takaichi's stimulus plan.
