6 Aug 2015
Asian markets trade in the red, Nikkei bucks the trend
FXStreet (Mumbai) - Most Asian indices are trading into the negative territory, as traders remain cautious ahead of Friday’s all-important US non-farm payrolls report which may provide further hint on the US interest rates outlook.
Australian markets are trading lower as traders digest the latest set of mixed employment data from Australia. The unemployment rate in Australia climbed higher to 6.3% in July while the Australian economy added 38,500 jobs in July, topping forecasts for an increase of 10,000. The S&P/ASX 200 index trades nearly 1% lower at 5618 points.
Chinese stocks pared initial losses, with the mainland China's benchmark Shanghai Composite still losing -0.16 and trades near 3685. While Hong Kong's benchmark Hang Seng index trades -0.66% at 24357.
The Japanese benchmark Nikkei 225 ditched its other Asian counterparts and traded firmer mainly on the back of a weaker yen boosting the exporters’ stocks. The index is gaining 0.76% to trade at 20767. While South Korea’s Kospi is seen -0.57% lower at 2018.
Australian markets are trading lower as traders digest the latest set of mixed employment data from Australia. The unemployment rate in Australia climbed higher to 6.3% in July while the Australian economy added 38,500 jobs in July, topping forecasts for an increase of 10,000. The S&P/ASX 200 index trades nearly 1% lower at 5618 points.
Chinese stocks pared initial losses, with the mainland China's benchmark Shanghai Composite still losing -0.16 and trades near 3685. While Hong Kong's benchmark Hang Seng index trades -0.66% at 24357.
The Japanese benchmark Nikkei 225 ditched its other Asian counterparts and traded firmer mainly on the back of a weaker yen boosting the exporters’ stocks. The index is gaining 0.76% to trade at 20767. While South Korea’s Kospi is seen -0.57% lower at 2018.