Asia markets mixed on Friday ahead U.S. jobs report

Asia-Pacific price shares were varied as the investors look for U.S. jobs report, a key indicator before the Fed’s next interest rate decision later this month.

South Korea index – CPI rose slower than expected 5.7 percent in August from the same period last year, less than the 6.1 percent predicted by analysts in a Reuters poll.

The Central Bank of Korea (BOK) recently upgraded its forecasts to 5.2 percent in 2022 and 3.7 percent in 2023.

Elsewhere, the Nikkei 225 in Japan lost 0.04 percent ended at 27,650.84, while the Topix index shrunk by 0.27 percent at 1,930.17.

Hong Kong’s Hang Seng index decreased 0.66 percent and the Hang Seng Tech index slipped 1.28 percent.

In Australia, the S&P/ASX 200 dropped 0.25 percent down at 6,828.70. The Kospi in South Korea lost 0.26 percent to 2,409.41 and the Kosdaq declined 0.31 percent to 785.88.

Mainland China’s Shanghai Composite increased to 3,186.48 and the Shenzhen Component was slightly lower at 11,702.39.

Leave a comment