Arab Today, arab today asia stocks mixed ahead of us jobs data boj holds fire
Last Updated : GMT 18:15:25
Arab Today, arab today
Arab Today, arab today

Asia stocks mixed ahead of US jobs data, BoJ holds fire

Arab Today, arab today

Arab Today, arab today Asia stocks mixed ahead of US jobs data, BoJ holds fire

Asian stocks
Hong Kong - AFP

Asian stocks were mixed on Friday as investors awaited the release of US jobs data later in the day while the Bank of Japan held fire on a fresh round of stimulus.

Investors are eyeing official US payroll data later Friday for the latest clues about the timing of a Federal Reserve interest rate hike, widely expected by September or December.

Tokyo recovered early losses to cap a second weekly advance, ending 0.29 percent, or 60.12 points, higher at 20,724.56.

Sydney fell sharply, losing 2.41 percent, or 135.5 points, to 5,474.8 as banking shares weighed heavily on the benchmark S&P/ASX200.

Seoul closed 0.15 percent lower, shedding 3.06 points to finish at 2,010.23.

Hong Kong and China shares rebounded after the previous day's losses, with the Hang Seng Index up 0.78 percent and Shanghai climbing 2.24 percent in afternoon trade.

After a two-day meeting, the Bank of Japan on Friday held off fresh easing measures, saying the world's number three economy was steadily recovering, but analysts widely expect policymakers to act later in the year.

"A lot of the move is coming from individual stocks," Tokyo-based Mizuho Asset Management Co's Seiichiro Iwamoto told Bloomberg News. "It's still too early for the Bank of Japan to increase easing. It'll likely come around October."

Meanwhile shares in Australia's big four banks tumbled, led by ANZ, whose weaker than expected profits and Aus$3 billion ($2.2 billion) capital-raising programme to meet tougher regulatory requirements surprised the market.

ANZ closed 7.49 percent lower at Aus$30.14, while shares in the Commonwealth Bank of Australia and Westpac closed 3.84 percent and 3.26 percent lower respectively.

"The feeling among investors is the capital raise isn't enough," T.S. Lim, a Sydney-based analyst at Bell Potter Securities, told Bloomberg News.

Financial regulator the Australian Prudential Regulation Authority said last month the nation's biggest banks had to hold more capital reserves as a buffer against mortgages, as part of a global move to strengthen the sector after the financial crisis.

- Gold loses its sheen -

Shanghai rebounded on reports a government agency ordered to buy stocks to stem a market rout was seeking an additional two trillion yuan ($322 billion).

China will announce July trade and inflation figures this weekend.

After the Shanghai market peaked in mid-June and then fell 30 percent in three weeks, the government intervened with a rescue package which included a crackdown on short-selling, banning major investors in listed companies from selling stock for six months and funding a state-backed company to buy shares.

Elsewhere gold's weekly decline marked its worst run in 11 years, ahead of US jobs data released Friday that will provide the Federal Reserve with guidance as to whether an interest rate hike is timely.

Higher interest rates limit bullion's appeal.

The metal fetched $1,094.49 an ounce compared with $1,085.75 late Thursday.

Weak media results led losses on Wall Street on Thursday, as the Dow Jones Industrial Average dropped 0.69 percent to 17,419.75 on worries that increased viewing on smartphones and other gadgets will hammer the cable television business.

In Tokyo forex trade, the dollar fetched 124.81 yen against 124.73 yen in New York late Thursday.

The euro was changing hands at $1.0948 and 136.53 yen from $1.0923 and 136.25 yen.

Oil prices looked set to continue a multi-week decline in Asian trade on Friday on concerns over a global oversupply of crude and mixed prospects for energy demand.

US benchmark West Texas Intermediate for September delivery rose 43 cents to $45.09 compared with $44.66 a barrel in New York trade while Brent crude for September gained 43 cents to $49.95 against $49.52.

In other markets:

-- Taipei fell 7.27 points, or 0.09 percent, to 8,442.29.

Shares in smartphone giant HTC slumped slumped 10 percent to Tw$63, closing at their lowest in more than a decade, while Taiwan Semiconductor Manufacturing Co fell 0.75 percent to Tw$133.

-- In Wellington the NZX-50 was down 1.01 percent or 60.03 points at 5,868.66.

Fletcher Building was 2.13 percent off at NZ$7.80 while Contact Energy was 1.34 percent down at NZ5.15.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia stocks mixed ahead of us jobs data boj holds fire Arab Today, arab today asia stocks mixed ahead of us jobs data boj holds fire

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia stocks mixed ahead of us jobs data boj holds fire Arab Today, arab today asia stocks mixed ahead of us jobs data boj holds fire

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday