Asian Stocks were seen trading mixed ahead of the US labour data which expected to be released later in the day. The Japanese yen strengthened against the US dollar and as the Japanese gauges were seen falling. A slight rise in stocks was seen during the China session as investors expect some upbeat data to be released from the country this week.
The world’s largest economy is expected to release its monthly jobs data which is also considered as a market-progress indicator, while the Federal Reserve (Fed) is known to be the benchmark against the figures. The expected report is predicted to affect the Federal Reserve’s (Fed) decision over its stimulus program.
The number of workers in non-farm payrolls in the US is expected to show an increase of 180,000 in August, up from 162,000 in the previous month, showing signs of an improved jobs market. The predicted figures are expected to steer the Fed policymakers to decide on scaling back the bond-buying program during its next meeting.
Japan’s benchmark Nikkei 225 dropped during the early hours of trading and later closed at 1.45% lower at 13,860.81 points, ending its five-day win on Friday. While the US dollar was seen 0.32% lower at ¥99.77 at the time of writing.
Toyota Motor, the world’s third largest carmakers retreated 1%, while Honda Motor gained 0.8%. Tokyo’s broader Topix index declined 0.94% to 1,146.99 points.
Gains were seen during the China session as Hong Kong’s Hang Seng gained 0.17% to 22,635.52 points, while the mainland Shanghai composite advanced 0.83% to 2,140.01 points.
China Coal Energy gained 1.7% during the session in Hong Kong, while the Industrial and Commercial bank of China declined 0.2%, followed by China Construction Bank’s loss of 0.2% and Agricultural Bank of China edged down 0.6%.
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