Asian markets down as traders await US jobs report
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Asian markets were largely down on Friday as traders awaited the US jobs report. Japan's Nikkei 225 and the broader Topix index both shed some gains. The yen continued to strengthen against the dollar. Samsung Electronics forecasted that second-quarter profits would beat expectations by more than 25 percent. Shares in Hong Kong ended a four-day winning streak, while stocks in mainland China were trading lower after the European Union imposed extra duties on Chinese electric car imports. European exchanges edged up on calming electoral news from the United Kingdom and France. The return of the Labour Party to power in Britain strengthened the pound. The withdrawal of centrist and left-wing candidates in France boosted the euro and European markets. Investor sentiment was also lifted by softer US labor market data, giving the Federal Reserve room to cut interest rates.
#AsianMarkets #UsJobsReport #StockMarkets
https://m.economictimes.com/markets/stocks/news/asian-markets-down-as-traders-await-us-jobs-report/articleshow/111528866.cms
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