Asian shares mixed on weaker yen

Dhaka,  Thu,  25 May 2017
Published : 10 Mar 2017, 11:17:18
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Asian shares mixed on weaker yen

Asian shares mixed on weaker yen
Shares were mixed in Asia on Friday as a weaker yen pushed Tokyo's benchmark higher. South Korea's Kospi edged higher after the Constitutional Court decided to remove the country's president.

Tokyo's Nikkei 225 jumped 1.3 per cent to 19,575.34 and South Korea's Kospi added 0.2 per cent to 2,095.64. Hong Kong's Hang Seng index was flat at 23,499.33.

The Shanghai Composite Index also was almost unchanged at 3,215.88. Australia's S&P/ASX 200 gained 0.6 per cent to 5,772.50. Stocks in Taiwan, Singapore and other Southeast Asia were lower.

The US government is due to issue the February jobs report later Friday. American employers added 186,000 jobs, and the unemployment rate slipped to 4.7 per cent from 4.8 per cent the month before. 

The US non-farm payroll numbers are "the last piece of the puzzle which will determine the Fed's rate hike decision next week," said Margaret Yang Yan, a market analyst at CMC Markets in Singapore.

US stocks finished nearly flat Thursday. The S&P 500 index picked up edged 0.1 per cent higher to 2,364.87. The Dow Jones industrial average was flat at 20,858.19 and the Nasdaq composite also was steady, at 5,838.81.

Benchmark US oil added 33 cents to $49.61 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1, or 2 per cent, to close at $49.28 on Thursday. 

Brent crude, the international standard, gained 31 cents to $52.50 in London.

The dollar rose to 115.20 yen from 114.96 yen. The euro rose to $1.0595 from $1.0577, according to AP.
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