Asian Markets Steady Amid US Economic Uncertainty

Asian stock markets exhibited subdued trading ahead of the U.S. Thanksgiving holiday, with the MSCI Asia-Pacific Index slightly lower and Japan's Nikkei up 0.46%. U.S. economic data revealed that inflation progress has stalled, raising doubts about future Federal Reserve interest rate cuts. Despite expectations for a December rate reduction, market sentiment remains cautious due to potential tariff wars from President-elect Donald Trump's policies. The dollar experienced a slight decline against other currencies, including the yen, which fell after an earlier rebound. Additionally, U.S. stocks faced selling pressure, particularly in the tech sector, with major companies like Nvidia and Tesla hit hard. Bond yields also fell, with investors favoring U.S. Treasuries amidst the uncertain market environment.