Markets mixed amid varied forecasts

By Agence France-Presse

Dec 10, 2022 12:10 am

HONG KONG: Asian markets were mixed on Friday as optimism about China's economic reopening continues to face off against concerns about rising interest rates and a possible recession.

With few Thursday catalysts to work with, traders were setting their sights on the release of two key US inflation reports — on Friday and Monday — and the Federal Reserve's (Fed) final policy meeting of the year.

BUOYANT BUT CAUTIOUS This photo taken on Dec. 7, 2022 shows the container terminal at Lianyungang Port, east China’s Jiangsu Province. Asian markets were mixed on Friday, Dec. 9, 2022, as optimism about China’s economic reopening continues to face off against concerns about rising interest rates and a possible recession. XINHUA PHOTO

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