Asian shares are trading mixed as investors look ahead to a key report on U.S. employment set for release later in the week. Benchmarks rose in Tokyo and South Korea in early Tuesday trading, while falling in Hong Kong and Shanghai, and being little changed in Sydney. The closely watched U.S.
A person photographs an electronic stock board showing Japan’s Nikkei index at a securities firm Tuesday, Sept. 3, 2024, in Tokyo. People look at an electronic stock board showing Japan’s Nikkei index at a securities firm Tuesday, Sept. 3, 2024, in Tokyo. A person stands an electronic stock board showing Japan’s Tokyo Stock Price index at a securities firm Tuesday, Sept. 3, 2024, in Tokyo.
The closely watched U.S. jobs data is expected to influence the Federal Reserve’s read on the American economy and when it will start lowering interest rates. The move will have repercussions through global markets, including Asia. “If the report disappoints, especially if it pushes the unemployment rate higher, we could quickly see growth concerns flare up again.”South Korea’s Kospi added 0.2% to 2,687.14 after a report showed consumer inflation slowed in August to the weakest in more than three years, supporting expectations of an easing of monetary policy.Stock market today: Wall Street climbs as S&P 500 closes out fourth straight winning monthSouth Korea’s consumer price index, or CPI, rose 0.
Worries were also growing about the resilience of China’s economy, as recently disclosed data showed a mixed picture. Recent weak earnings reports from Chinese companies, including New World Development Co., a property developer and investor, added to the pessimism.
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