Asian stocks gain ahead of US jobs report

Asian stocks

Asian stocks rose Friday following a British interest rate cut as investors looked ahead to US data that are expected to show faster job growth in July.


Hong Kong's Hang Seng gained 1.3 per cent to 22,111.84 and Sydney's S&P-ASX 200 added 0.6 per cent to 5,509.50. Tokyo advanced 0.3 per cent to 16,300.75 and Seoul's Kospi rose 0.6 per cent to 2,011.59.




Benchmarks in Taiwan, Indonesia and New Zealand also advanced.

The Shanghai Composite Index was unchanged at 2,980.58. Singapore and the Philippines declined.

On Wall Street, the Dow Jones industrial average slipped 2.95 points to 18,352.05 while the S&P 500 index edged up 0.46 points to 2,164.25. The Nasdaq composite rose 6.51 points, or 0.1 per cent, to 5,166.25.

Benchmark US crude shed 19 cents to $41.74 per barrel in electronic trading on the New York Mercantile Exchange. The contract jumped $1.10 on Thursday to close at $41.93. Brent crude, used to price international oils, fell 22 cents to $44.07 in London. It rose 81 cents the previous session to close at $44.29.

The dollar declined to 101.13 yen from Thursday's 101.21 yen. The euro edged up to $1.1134 from $1.1128, according to a news agency report.
Share on Google Plus

About Jessica Hornberger

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
    Blogger Comment
    Facebook Comment