Search

Asia-Pacific markets mixed as investors await U.S. jobs report; South Korea's Kakao Bank jumps in debut - CNBC

indonesiabei.blogspot.com

SINGAPORE — Shares in Asia-Pacific were mixed in Friday trade as investors await the release of a closely watched U.S. jobs report.

Shares of South Korea's Kakao Bank surged in their Friday debut, rising as high as 77.95% from the issue price. Some of those gains were later pared, but the stock was still last trading more than 70% higher. South Korea's broader Kospi slipped 0.3%.

Mainland Chinese stocks fell, with the Shanghai composite down 0.48% while the Shenzhen component dipped 0.474%. Hong Kong's Hang Seng index was largely flat.

The S&P/ASX 200 in Australia was trading mildly higher.

In Japan, the Nikkei 225 gained 0.3% while the Topix index hovered fractionally higher.

Elsewhere in Southeast Asia, shares of Indonesian e-commerce firm Bukalapak made their trading debut Friday, jumping 25% from an initial public offering price of 850 rupiah ($0.06) to 1,060 rupiah. The price move triggered the stock exchange's auto rejection mechanism and the price stayed at 1,060 as of 11:38 a.m. local time.

Those gains outpaced the wider Jakarta Composite in Indonesia, which slipped 0.14%.

The Reserve Bank of India's monetary policy committee on Friday kept interest rates unchanged, a decision that was largely in line with expectations of economists in a Reuters poll. The repo rate, the key lending rate at which the RBI lends to commercial banks, was left unchanged at 4%.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%.

U.S. jobs report ahead

Overnight on Wall Street, the Dow Jones Industrial Average jumped 271.58 points to 35,064.25 while the S&P 500 gained 0.6% to 4,429.10. The Nasdaq Composite gained 0.78% to 14,895.12.

Those gains came stateside after weekly jobless claims data released Thursday matched expectations. The closely watched July U.S. jobs report is set to be released Friday morning stateside, with a wide range of estimates from economists about what the report will show.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.356 — still above levels below 92 seen earlier in the week.

The Japanese yen traded at 109.83 per dollar, weaker than levels below 109.2 seen against the greenback earlier this week. The Australian dollar was at $0.7386, against an earlier high of $0.7407.

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.14% to $71.39 per barrel. U.S. crude futures rose 0.14% to $69.19 per barrel.

— CNBC's Saheli Roy Choudhury contributed to this report.

Adblock test (Why?)



"asia" - Google News
August 06, 2021 at 06:39AM
https://ift.tt/2VwouHT

Asia-Pacific markets mixed as investors await U.S. jobs report; South Korea's Kakao Bank jumps in debut - CNBC
"asia" - Google News
https://ift.tt/2YpEquI
https://ift.tt/2WkdbyX

Bagikan Berita Ini

0 Response to "Asia-Pacific markets mixed as investors await U.S. jobs report; South Korea's Kakao Bank jumps in debut - CNBC"

Post a Comment

Powered by Blogger.