Stocks in Asia and the Pacific closed mostly lower on Friday, with investors showing caution ahead of the latest U.S. employment report, which will be crucial for the Federal Reserve’s upcoming interest rate decision. American).
Japan’s Nikkei stock index was slightly down 0.04% in Tokyo today to 27,650.84 points, while the Hang Seng was down 0.74% in Hong Kong to 19,452.09 points, the South Korean Kospi dropped 0, 26% in Seoul, at 2,409.41 points, and Taiex lost 0.87% in Taiwan, at 14,673.04 points.
In mainland China, the day saw marginal to modest gains despite tightening restrictions in cities such as Shenzhen and Chengdu to fight new outbreaks of Covid-19.
The Shanghai Composite rose 0.05% to 3,186.48 points but lost 1.5% for the week, and the less comprehensive Shenzhen Composite advanced 0.44% to 2,089.74 points.
In Oceania, the Australian stock market followed the majority trend in Asia, and the S&P/ASX 200 fell 0.25% in Sydney, at 6,828.70 points, pressured by mining stocks.
The cautious tone in the Asia-Pacific region comes before the release of the US employment report, the so-called payroll, in mid-morning this Friday.
The result should help the Fed decide whether it needs to raise its policy rates by 75 basis points for the third time in a row, at its September meeting, or whether it can moderate the pace of rate adjustment.
According to the CME Group’s measurement tool, the odds of a new 75 basis point high this month are over 70%.
Source: CNN Brasil
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