Asian markets mixed ahead of Trump's inauguration
KUALA LUMPUR, Malaysia (AP) — Asian markets were mixed in cautious trading Friday ahead of the inauguration of President-elect Donald Trump.
Investors will be looking for clues in Trump's inauguration speech for his plans on fiscal stimulus, tax cuts and trade.
ANALYST QUOTES: "Markets are now waiting for more evidence that Donald Trump will deliver on fiscal stimulus and deregulation but uncertainty remains high about what he will do on trade," Shane Oliver of AMP Capital said in a commentary.
The risk of a tit-for-tat trade war between the U.S. and China is high, particularly if Trump formally brands China a currency manipulator.
Benchmark U.S. crude gained 16 cents to $52.28 per barrel in electronic trading on the New York Mercantile Exchange.