Investor Alert

Associated Press

Aug. 5, 2021, 11:49 p.m. EDT

Asian markets mixed as investors await U.S. jobs report

By Associated Press

BEIJING — Asian stock markets were mixed Friday after Wall Street rose to a high as investors waited for U.S. jobs data for an update on how coronavirus flareups are affecting the biggest global economy.

The Shanghai Composite Index (SHG:CN:SHCOMP) lost 0.5% while the Hang Seng (HONG:HK:HSI) in Hong Kong shed 0.2%. Chinese stocks have been hurt by a spate of anti-monopoly and data security campaigns launched by Beijing against tech companies.

The Nikkei 225 (NIKKEI:JP:NIK) in Tokyo added less than 0.1% after Japanese labor cash earnings edged lower in June for the first time in four months.

The Kospi (KOREA:KR:180721) in Seoul lost 0.2% and the ASX/S&P 200 (S&P:AU:XJO) in Sydney was little-changed. Stocks in New Zealand (NZE:NZ:NZ50GR) and Taiwan (TAIWAN:TW:Y9999) declined while Singapore (SES:SG:STI) and Indonesia (INDONESIA:ID:JAKIDX) advanced.

Wall Street’s benchmark S&P 500 index gained after investors were encouraged Thursday by a decline in U.S. unemployment claims. They were watching for Friday’s monthly employment report for an indication of how new disease flareups and renewed anti-disease curbs might be affecting hiring and wages.

“The jobs report will be the key highlight to end the week” amid conflicting market indicators that “put more uncertainty” on whether hiring expectations can be met, said Yeap Jun Rong of IG in a report.

On Wall Street, the S&P 500 (S&P:SPX) rose 0.6% to 4,429.10. The Dow Jones Industrial Average (DOW:DJIA) gained 0.8% to 35,064.25. The Nasdaq (NASDAQ:COMP) climbed 0.8% to 14,895.12.

In energy markets, benchmark U.S. crude rose 8 cents to $69.17 per barrel in electronic trading on the New York Mercantile Exchange. The contract added 94 cents on Thursday to $69.09. Brent crude , the price basis for international oils, gained 8 cents to $71.37 per barrel in London. It advanced 91 cents the previous session to $71.29.

The dollar (XTUP:USDJPY) rose to 109.86 yen from Thursday’s 109.76 yen.

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