Asian shares slip ahead of us job data

Dhaka,  Sat,  03 December 2016
Published : 02 Dec 2016, 14:38:18

Asian shares slip ahead of us job data

Asian shares slip ahead of us job data
Asian stocks slipped on Friday following lacklustre US and European markets and ahead of the release of the US payrolls data later in the day. 

Investors are waiting for the payrolls report for confirmation the economy continues to strengthen, with an eye on an expected hike in benchmark interest rates by the Federal Reserve. 

Japan's Nikkei 225 index shed 0.5 per cent to 18,426.08 and South Korea's Kospi lost 0.7 per cent to 1,970.61. Hong Kong's Hang Seng retreated 1.2 per cent to 22,599.61.

The Shanghai Composite Index was 0.9 per cent lower at 3,243.82. Australia's S&P/ASX 200 fell 1.0 per cent to 5,444.00. Benchmarks in Taiwan, Singapore, Thailand and the Philippines also rose.

Oil snapped its rally after hitting its highest level since mid-October. 

Benchmark US crude lost 9 cents to $50.98 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.62, or 3.3 per cent, to close at $51.06 a barrel on Thursday. 

Brent crude, the standard for pricing international oils, shed 39 cents to $53.55 a barrel in London. Crude futures jumped earlier in the week.

Gains from blue chips helped push the Dow Jones industrial average up 0.4 per cent to 19,191.93, its highest close on record. 

Other major US benchmarks slipped. The S&P 500 index dropped 0.4 per cent to 2,191.08. The Nasdaq composite fell 1.4 per cent to 5,251.11. 

The dollar edged up to 114.09 yen from 113.78 yen in late trading Thursday. The euro rose to $1.0677 from $1.0665, according to a news agency report.

-SRS-
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