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Asian markets mixed after Wall St drop, Shanghai dips before briefing
Asian markets mixed after Wall St drop, Shanghai dips before briefing

Most Asian markets were mixed Friday as investors digested disappointing US inflation data that further dampened expectations for another bumper interest rate cut next month. Tokyo ended the morning on the front foot thanks to a weaker yen as investors scale back expectations for US rate cuts, while Singapore, Seoul, Wellington, Taipei and Jakarta also edged up.

Automaker Stellantis says CEO will retire in 2026
Automaker Stellantis says CEO will retire in 2026

The struggling auto giant Stellantis said late Thursday that its CEO Carlos Tavares will retire in 2026 when his contract runs out and it is now looking for a successor. At the same time, he said he might retire in January 2026.