Asia markets mixed as investors digest Biden-Xi meeting
2023-11-16 10:00:16 source：CNBC
November 15, 2023
Asia-Pacific markets were mixed Thursday as investors digested high-level discussions between U.S. President Joe Biden and Chinese President Xi Jinping, while it was left to be seen if optimism about further signs of cooling U.S. inflation would carry through the day.
Biden and Xi met Wednesday outside of San Francisco in their first face-to-face encounter in a year. The talks were on the sidelines of the Asia-Pacific Economic Cooperation conference and were a part of efforts between the U.S. and China to boost high-level communication amid continued tensions.
Another reading on U.S. inflation showed October’s producer price index, which measures wholesale prices, fell by 0.5% to mark its biggest monthly drop since April 2020.
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