India, Nov. 25 -- Asian markets settled mostly lower on Friday on account of concerns over worsening Covid-19 situation in China along with subdued trading after the Thanksgiving holiday in the United States. Japanese shares fell after data showed inflation in Tokyo picked up more speed to hit its fastest pace in 40 years. But Japan's Nikkei average gained for the week after the minutes of the Federal Reserve's November meeting indicated that the central bank was considering a slower pace of interest rate hikes in the coming months. Chinese shares rose, boosted by property developers after China's biggest commercial banks pledged at least $162 billion in fresh credit to the beleaguered sector.
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