Japan Re-Opens in the Red, Drags Asia Lower ahead of US NFP
The Asian equities extend their losing streak into an eighth-day this
Friday, headed for the biggest weekly loss since February, as weaker
sentiment on the US stocks amid renewed oil price sell-off extended into
the Asian trades.
Moreover, the Japanese markets re-opened on a
bearish note after a 4-day break and played catch up with the latest
global developments, leading the decline in the Asian equity markets.
While traders turned on the side-lines ahead of the crucial US non-farm
payrolls data, which is expected to create massive volatility and may
provide fresh insights on the US interest rates outlook.
Asia dips on increased nervousness ahead of NFP
Meanwhile, the Japanese benchmark index, the Nikkei 225 drops
-0.92%, Australia’s ASX 200 index slides -0.26% to 5,264 points,
weighed down by heavy losses in the banking stocks after RBA’s SoMP.
While
the Chinese equities also kept losses, with the benchmark Shanghai
Composite index modestly flat just shy of 3k mark, the CSI300 index
drops -0.10%, while Kong’s Hang Seng slides -1.01%.
