Asia-Pacific markets traded mixed Friday as U.S. stock futures stayed flat over Thanksgiving Day, leaving the Nasdaq Composite on track to end a seven-month winning streak.

Traders in Asia will parse fresh economic data, including Tokyo's inflation print, a leading indicator of Japan's broader price trends.

Headline inflation in Japan's capital eased to 2.7% in October from 2.8% the month before. Core inflation, which strips out prices of fresh food but includes energy prices, came in at 2.8%, slightly higher than the 2.7% expected by economists polled by Reuters. This was above the central bank's 2% target, boosting the case for a near-term rate hike.

Investors will also watch India's GDP for its fiscal second quarter through September, later in the day.

Japan's Nikkei 225 f

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