November 30, 2022

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Asia Pacific Markets Decline Ahead of US Jobs Report

Asia Pacific Markets Decline Ahead of US Jobs Report

The logo of the Tokyo Stock Exchange (TSE), operated by the Japan Exchange Group Inc. is displayed. (JPX), at the stock exchange in Tokyo, Japan, on Friday, October 2, 2020.

Akio-kun | Bloomberg via Getty Images

Stocks in the Asia-Pacific region fell on Friday before US monthly jobs report, Which is likely to guide the monetary decision of the Federal Reserve in November.

The number of jobs is expected to rise by 275,000 in September, and unemployment is expected to remain steady at 3.7%, according to a survey of economists by Dow Jones.

Hong Kong Hang Seng Index It lost 1.27% in the last hour of trading and Hang Seng Tech fell 2.96%. The Nikkei 225 In Japan it fell 0.71% to 27116.11 and Topix fell 0.82% to 1906.80. in Australia , S & P / ASX 200 It fell 0.8 percent to 6,762.80 points.

South Korea Cosby It lost 0.22% to 2232.84 while the Kosdaq fell 1.07% to 698.49. MSCI’s broadest index of Asia Pacific shares outside Japan fell 1.29%. Markets in mainland China remain closed for a holiday.

Overnight in the United States, the major indexes fell – the Dow Jones Industrial Average fell 346.93 points, or 1.15%, to 29,926.94. The S&P 500 fell 1.02% to 3,744.52, while the Nasdaq Composite was down 0.68% at 11073.31.

“Stocks suffered as markets awaited long-awaited US jobs data…and while comments from Federal Reserve officials maintained the ‘more needed’ sentiment,” ANZ Research analysts wrote in a note on Friday.

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