Asia markets mostly fall as traders assess Tokyo inflation print and South Korea manufacturing data

This is CNBC's live blog covering Asia-Pacific markets.

Asia-Pacific markets mostly lost ground on Friday, with investors assessing November inflation numbers from Japan's capital of Tokyo and industrial production figures from South Korea.

The November headline inflation rate in Tokyo came in at 2.6%, a rebound from the 1.8% seen in October.

Core inflation, which excludes costs of fresh food, rose to 2.2% compared with Reuters poll expectations of 2.1%.

Tokyo's inflation numbers are widely considered to be an indicator of nationwide trends.

Separately, South Korea's industrial production saw a 2.3% increase year on year in October, marking a reversal from the 1.3% fall in September.

Still, the country's benchmark index, Kospi, fell 1.74% while the small-cap Kosdaq dropped 1.75%.

Japan's Nikkei 225 fell 0.59% after the inflation data release, while the broad-based Topix was 0.35% lower.

Australia's S&P/ASX 200 dropped 0.35%.

Hong Kong's Hang Seng index bucked the trend and gained 0.21% in early trade, while mainland China's CSI 300 was marginally down.

U.S. markets were closed for Thanksgiving on Thursday, and will be open only for a half day on Friday.

The Japanese yen appreciated to its strongest level in about five weeks, at under 150 against the U.S. dollar on Friday.

The move comes after inflation in Japan's capital city of Tokyo accelerated in November, which could support the case for a rate hike by the Bank of Japan in its December meeting.

The headline inflation rate in Japan's capital climbed to 2.6% from 1.8%, while core inflation came in at 2.2%, above expectations of 2.1% from economists polled by LSEG.

— Lim Hui Jie

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