Asian markets mixed with focus on US inflation data, Fed meeting

AFP :
Asian markets were mixed 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 final policy meeting of the year.
In light of data signalling almost a year of interest rate hikes was beginning to impact prices, the US central bank is widely expected to announce a 50 basis point lift at the gathering, compared with the previous four straight 75-point increases.