Asian Stocks Mixed as US Nears Record Highs

Asian stock markets showed mixed results on Friday following moderate gains in the US market, influenced by economic data that met expectations. Japan`s Nikkei 225 index declined, impacted by the yen`s strengthening against the US dollar. Market watchers are anticipating Japan`s industrial production figures for further insights into the country`s economic outlook. Hong Kong`s Hang Seng index rose, while China awaits the release of its monthly economic data, with forecasts suggesting a potential slowdown. In the US, the S&P 500 index neared its record high, driven by gains in Nvidia`s stock. Reports on unemployment benefits and wholesale prices indicated a moderating inflation rate, reinforcing expectations of a standard interest rate cut by the Federal Reserve.