Australia's$S&P/ASX 200 (.XJO.AU)$closed 0.1% higher at 7733.5, after new data showed the country's economy continued to slow in the final months of 2023, adding to concerns that a hard landing is coming.
Technology stocks were a drag on the market, falling 1.4%, but this was partly offset by a strong outing from the financials sector.
Fund manager$Magellan Financial Group Ltd (MFG.AU)$was the best performer, rising 7.9% after reporting an on-month uptick in funds under management and a slowing in outflows.