(MENAFN– ecpulse)
Asian stocks were mixed on Monday after the US jobs data missed estimates while China’s promising data signaled the world’s second largest economy is stabilizing.
- The MSCI Asia Pacific Index fell 0.2% to 135.33 as of 15:29 in Tokyo
In Japan, the worse-than-expected jobs report from the US and the stronger Japanese yen overshadowed upbeat corporate earnings results, pulling Nikkei more than 1% lower. The dollar/yen is trading around 98.40 down from Friday`s high of 99.95 weighing on exporters.
- Nikkei 225 closed 1.44% lower at 14258.04
- Topix closed 0.96% lower at 1184.74
China’s non-manufacturing (services) PMI showed the first acceleration since March rising to 54.1 in July. The country’s benchmark index rose to its highest levels since July 23 on optimism of an economic rebound.
- China’s CSI 300 Index closed 1.38% higher at 2278.33
- Hong Kong’s Hang Seng closed 0.14% higher at 22222.01
In Australia fell ahead of Tuesday`s Reserve Bank of Australia meeting and as investors digested Prime Minister Kevin Rudd`s decision to set the general elections on Sept. 7. Also weighing on stocks was the weaker-than-expected retail sales in June.
- The S&P/ASX 200 closed 0.11% lower at 5111.25
- New Zealand’s NZX 50 closed 0.14% higher at 4589.48
In South Korea the benchmark index fell after Samsung’s 0.9% weighed. The US government reversed a ruling that favored Samsung over Apple in their patent battle. Exporters reversed early losses on stronger yen.
- Kospi closed 0.37% lower at 1916.22
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.