MANILA – Asian shares were mixed on Friday as investors awaited a key U.S. inflation report and after gains in technology stocks on Wall Street helped propel the market to another all-time high.
U.S. futures and oil prices slipped.
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In Tokyo, the Nikkei 225 fell 0.2% to 42,744.80 after a slew of data released Friday showed Japan’s factory output slumped in July as higher tariffs hit on exports to the United States. Inflation in Tokyo also slowed to 2.6% year-on-year, while the jobless rate fell to 2.3% in July from 2.5% in June.
“Today’s Japanese data was mixed, with disappointing industrial production threatening third-quarter growth, while a tight labor market points to increased wages and underlying inflation remaining firm,” ING Economics said in a commentary.