Stock markets in Asia recorded a session in red territory

Stock markets in Asia recorded a session in red territory
Stock markets in Asia recorded a session in red territory

Investors are waiting for another dose of data on the US labor market

Photo: Bloomberg LP

Exchanges in the Asia-Pacific region ended the last trading session of the week in red territory, waiting for another dose of data on the labor market in the United States, writes CNBC.

The Hong Kong benchmark Hang Seng decreased by 0.74% to 19,452.09 points.

The meter Shanghai Composite recorded a slight increase to 3186.48 points, and the indicator Shenzhen Component decreased to 11,702.39 points.

The Japanese index Nikkei 225 remained almost unchanged at the level of 27,650.84 points, and the indicator Topix decreased by 0.27% to 1930.17 points.

In South Korea, the benchmark Kospi decreased by 0.26% to 2409.41 points, and the index Kosdaq – by 0.31% to 785.88 points.

Earlier in the day it became clear that inflation in South Korea slowed its growth for the first time in seven months in August, when it came in below economists’ expectations.

Official statistics showed that consumer inflation reached an annual rate of 5.7%, after a month earlier it stood at 6.3%. However, economists warn that prices will remain at high levels for some time.

The Australian meter S&P/ASX 200 erased 0.25% of its value to 6828.70 points.

The index MSCI for Asia-Pacific shares outside Japan reported a decline of 0.52 percent.

Investors are awaiting another dose of U.S. labor market data this week after it emerged on Tuesday that the private sector in the country has opened twice as few new jobs in the last month. In Thursday the official statistics showed that the number of US jobless claims fell to a two-month low in the week to August 27.

Friday’s data may hint at the next move of the US Federal Reserve, whose meeting is due to take place at the end of the month.

In Asian markets the dollar index was at the level of 109.46 points. The Australian dollar was exchanged for $0.68 while one US dollar was exchanged for 140.33 Japanese yen.

The world benchmark Brent rose nearly 3% to $95.07 a barrel. The price of the American variety West Texas Intermediate (WTI) rose 3% to $89.21 a barrel.

The article is in bulgaria

Tags: Stock markets Asia recorded session red territory

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