Forum Views ()
Forum Replies ()
Read more with google mobile :
Asian markets lower as dealers await US jobs data
Yahoo!
My Yahoo!
Mail
More Yahoo! Services
Account Options
New User? Sign Up
Sign In
Help
Yahoo! Search
web search
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Singapore
Asia Pacific
World
Asian markets lower as dealers await US jobs data
AFP - 48 minutes ago
Send
IM Story
Print
Asian markets lower as dealers await US jobs data
HONG KONG (AFP) - – Asian shares fell in quiet trade on Friday with Japanese investors unmoved by the election of a new prime minister while most dealers stayed on the sidelines ahead of key US jobs figures.
Tokyo's Nikkei fell and the yen edged lower after former finance minister Naoto Kan, a supporter of a weaker currency and proponent of deflation-fighting measures, was confirmed as the country's new leader.
Japanese shares closed 0.13 percent, or 13 points, lower at 9,901.19 after Kan succeeded Yukio Hatoyama, who resigned Wednesday over the bungled handling of a US base dispute.
The index had already soared 3.24 percent Thursday, with dealers pricing in expectations that Kan would take the helm of the world's second biggest economy.
Despite his preference for a weaker yen, which would be good for the country's key exporters, dealers stuck with the safe-haven unit due to lingering fears over Europe's debt problems.
The dollar edged up to 92.73 yen in late Tokyo trade, from 92.69 in New York Thursday. The euro rose to 112.88 yen from 112.74 and to 1.2179 dollars from 1.2158.
Analysts had predicted the dollar could pass 93 yen if Kan was elected prime minister. But Mizuho Securities strategist Tsuyoshi Segawa told Dow Jones Newswires: "It is still hard to say if the market really wants 'DPJ victory-inspired stability' in the upcoming election."
Japan will hold upper house elections next month where the Democratic Party of Japan must win a majority to free itself of its coalition partner and ensure a smooth enactment of legislature.
Sydney fell 0.82 percent, or 36.6 points, to 4,449.4. Hong Kong lost 0.30 percent by the break and Singapore was flat.
Dealers moved to sell off and take the cash after Thursday's rallies, which were boosted by strong US housing data.
Markets were given a weaker lead from Wall Street Friday as the Dow edged up just 0.06 percent after a mixed batch of news showing a weekly drop in initial unemployment claims and a disappointing report on private-sector job creation.
However, focus was on a US Labor Department report due later Friday that will reveal job creation and unemployment figures for May, giving a much clearer idea of the state of recovery in the world's biggest economy.
Most analysts expect the government will report 500,000 non-farm jobs were created last month, up from 290,000 in April, as the economy mounts a slow recovery from recession.
Unemployment was expected to dip to 9.8 percent from 9.9 percent in April.
Shanghai gave up 0.49 percent, with heavyweight banks leading the fall amid pressures over the imminent launch of Agricultural Bank's massive initial public offering, dealers said. Many fear the issue could dilute the market, putting pressure on prices.
European Commission President Jose Manuel Barroso on Thursday warned Hungary to cut its budget deficit faster in order to pull itself out of a "delicate situation" amid fears it risked a Greek-like debt crisis.
Oil was lower. New York's main contract, light sweet crude for delivery in July shed 29 cents to 74.32 dollars a barrel while Brent North Sea crude for July dropped 31 cents to 75.10 dollars per barrel.
Gold opened at 1,206.00-1,207.00 US dollars an ounce in Hong Kong, down from Thursday's close of 1,223.00-1,224.00 dollars.
In other markets:
-- Seoul closed 0.14 percent, or 2.29 points, higher at 1,664.13.
-- Taipei fell 0.21 percent, or 15.69 points, to 7,344.59.
IT giant Hon Hai was 0.8 percent lower at 124.5 Taiwan dollars while Taiwan Semiconductor Manufacturing Company rose 0.33 percent to 61.0
-- Manila closed flat, edging up 1.82 points to 3,357.05.
SM Prime Holdings was unchanged at 11.00 pesos, Banco de Oro Unibank fell 1.0 percent to 46.00 and Ayala Corp was off 2.9 percent at 325.00.
-- Wellington added 0.20 percent, or 6.04 points, to close at 3,030.14.
Telecom led the market higher, gaining 1.6 percent to 1.86 New Zealand dollars, but exchange operator NZX ended down 1.9 percent at 1.55.
Recommend
Send
IM Story
Print
Related Articles
Boeing eyes Asia to expand its defence business AFP - 23 minutes ago
Asian markets lower as dealers await US jobs data AFP - 48 minutes ago
G20 faces balancing act to safeguard recovery AFP - 1 hour 26 minutes ago
Asian markets lower ahead of US jobs report AP - Friday, June 4
World Bank meet: G20 agenda should add development AP - Friday, June 4
News Search
Top Stories
Cricket sex video reveals wild mating behavior
Obama hopes for boost in unemployment battle
Global stocks mostly higher
'Mars crew' locked up for 520 days of isolation
BP rocked by ratings downgrades
More Top Stories »
ADVERTISEMENT
Most Popular
Most Viewed
Most Recommended
Russia finds 10,000 bombs on sunken German ship
'Mars crew' locked up for 520 days of isolation
US debt tops $13 trillion for first time
Briton warned of 'rampage' before shooting 12 dead
BP rocked by ratings downgrades
More Most Viewed »
Hubble catches planet being devoured by its star
The point about pain: New study sheds light on acupuncture
Ocean fish could disappear in 40 years: UN
Paris museum burglar grabs 120-million-dollar art haul
US team creates first 'synthetic life'
More Most Recommended »
Elsewhere on Yahoo!
Financial news on Yahoo! Finance
Stars and latest movies
Best travel destinations
More on Yahoo! News
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Subscribe to our news feeds
Top StoriesMy Yahoo!RSS
» More news feeds | What are news feeds?
Also on Yahoo
Answers
Groups
Mail
Messenger
Mobile
Travel
Finance
Movies
Sports
Games
» All Yahoo! Services
Site Highlights
Singapore
Full Coverage
Most Popular
Asia Entertainment
Photos
World Cup 2010
Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.
Terms of Service |
Privacy Policy |
Community |
Intellectual Property Rights Policy |
Help
Other News on Friday, 4 June 2010 Dutch citizen held in Peruvian murder
France's Le Monde vows independence as it seeks new owner
Afghan peace conference heads toward Taliban talks
Doorstep bank raids plague cash-loving Argentina
|
Swedes choose text messages over phone calls: authority
Obama gets boost in battle against jobless recovery
Russia finds 10,000 bombs on sunken German ship
EU and U.S. eye human rights in terrorism prevention
|
Israel using 'pirated' footage to defend raid: media body
'Mars crew' locked up for 520 days of isolation
Canada unveils arsenal for anti-G20 protests
|
Google buys advertising technology startup Invite Media
Eric Roberts, Julie Benz, Anna Kournikova To Attend Celebrity S.O.S. For Oil Spill Relief
Chile nabs Dutch man linked to Aruba mystery
|
EU court deals setback to online betting sites
U.N. head offers help to Congo activist death inquiry
|
German minister no longer friends with Facebook
Hearst buys an Internet marketing company: report
North Yemen clash kills four, threatening truce
|
Microsoft sets up new research centre in Taiwan
Raul Castro turns 79 with eyes on future
|
Spain edge South Korea in World Cup warm-up match
US senator nixes Myanmar trip over nuclear concern
Korean war 'may break out at any moment': North Korea
Indonesian anti-terror chief sees danger in Obama's visit
Survey Finds Fewer Teens Admitting Intercourse
U.S. Productivity, Service Sector Expand But Less Than Expected
Dell CEO says has considered taking company private
|
Cedar, Upper Delaware Rivers Top Most Endangered List
Cancer Cases Projected To Double Worldwide By 2030
Microsoft CEO says changing market not a danger
|
Mild Tremors Reported In Pennsylvania
German minister sees Facebook fined over privacy
|
Ford Motor To End Mercury Brand After Seven Decades
Monet water lilies star in 'most valuable' London auction
New York GOP Overcomes Rifts To Nominate Lazio For Governor
One in five US teens abuses prescription drugs: study
Taiwan demonstrators scuffle with police over trade pact
Excavation throws up 1980s lunch
G20 warns global recovery still fragile: draft
Poverty an obstacle to saving Liberia's rainforest
GM China sales slow slightly in May
Spill threatens Florida's beaches and tourism
Vintage McCartney lifts somber White House
American Idol champ makes lukewarm U.S. charts debut
|
Golden Girls actress Rue McClanahan dies of stroke
|
Author Henry Roth's hero resurrected in final novel
|
Afghan jirga seens as 'last hope' for peace
Dutch citizen held in Peruvian murder
Bid to curb oil spill in 'hands' of deepsea robots
Japan ruling party picks Kan for PM before election
|
Afghan delegates hash out peace statement
Cricket sex video reveals wild mating behavior
Dell founder considered taking company private
Afghan jirga to call for peace with Taliban
|
British PM visits scene of gun massacre
NY Times to feature FiveThirtyEight politics blog
Global stocks mostly higher
Merkel taps potential challenger as German president
Bangladesh fire death toll at 114, set to rise
|
Obama Going To India In Early November, Reiterates Strategic Partnership
Afghan peace conference heads toward Taliban talks
Google buys advertising technology startup Invite Media
Nickelodeon Debuts New Episodes Of "iCarly," "Victorious," "Big Time Rush"
South Korea urges world to rein in reclusive North
|
ABC Sees Record Memorial Day Viewership With "Bachelorette," "True Beauty"
New 'ThunderCats' Cartoon Coming To TV
U.S. Markets Rise On Mixed Economic Data
Krispy Kreme Q1 Profit Doubles, Same Store Sales Rise
Old and the new mingle at Afghan peace jirga
|
Chile holds Dutch man linked to Aruba mystery
|
Japan's new PM takes power
Mumbai attacker challenges death sentence
New Apple iPhone on tap but may fail to dazzle
|
U.S. faces remote sabotage cyber danger: general
|
Obama postpones trip to Australia, Indonesia
Hospitals swamped as Dhaka blaze kills 109
11 trapped in China coal mine flood
Chunghwa Telecom wants iPad and next-gen iPhone in Taiwan
|
Red Cross aids drought-hit Philippines
Death toll from China landslides rises to 44
G20 faces balancing act to safeguard recovery
Taiwan urges China to learn Tianamen lesson
Asian markets lower as dealers await US jobs data
EU court says countries can ban online gambling
|
World Bank meet: G20 agenda should add development
Thousands in Hong Kong expected for Tiananmen vigil
Taiwan president faces hurdles in key China deal
Churchill cigar sold at auction in London
Ahmadi sect pleads for help after Pakistan killings
Comedy supplants news as most popular online video: Pew
Usher holds on to top spot on U.S. singles chart
|
Jeremy Renner near deal to join Marvel's Avengers
|
Rarefied art world gets reality TV competition
|
Joseph Fiennes, Eva Green enter realm of Camelot
|
Carrie Fisher's Drinking headed to HBO as doc
|
Afghan jirga calls for peace process commission
EADS to unveil algae-powered aircraft
Euro plunges to four-year dollar low
Turkey says may cut ties with Israel to minimum
|
Afghan jirga calls for peace commission to end war
Bishop's murder clouds papal trip to Cyprus
Trade flourishes as Syria befriends old foe Turkey
|
Asian markets lower as dealers await US jobs data
Iran regime being ruined: opposition leader Karroubi
Weak Economy Means Most New Jobs In May Were Temporary U.S. Census Work
Afghan conference calls for talks with militants
'Golden Girl' Rue McClanahan dies at 76
Man Charged In Largest Marijuana Seizure In Boston
Cyclone halts oil and gas in Oman
|
Malaysian Muslims stage anti-Israel protest
Afghan delegates support talks with Taliban
Home Invader Shot With His Own Gun
Cap Installed Over Leaking Rig As BP Gets $69M Bill For Clean-Up
Greeks will stone politicians who fail on graft: PM
|
2 Million Die Annually Because Of Lack Of Professional Care At Birth
Santos well ahead for Colombian run-off vote: poll
|
Olive Oil-Based Diet Could Help Breast Cancer Survivors Lose Weight
Obama Again Postpones Trip to Indonesia, Australia
Iran leader raps opposition before vote anniversary
|
N.Korea claims 'super drink' breakthrough
French Muslim Council warns government on veil ban
|
Tiananmen activist arrested in Tokyo
S.Korea refers ship sinking to UN Security Council
Indonesia's smoking boy to have specialist care
Australia plans toadbuster tourism
Myanmar nuclear arms drive under way: media
Aussie diners eat up Apple's iPad -- as menu
'Rock star' welcome after British rower crosses Pacific
US concerned over Myanmar's military ties with N.Korea
New Apple iPhone on tap but may fail to dazzle
|
Facebook CEO says no date in mind for IPO
|
China UnionPay hits back at Visa in cards row
China sees limited impact of euro crisis on exports
U.S. faces remote sabotage cyber danger: general
|
Toyota slashed director pay by 11% in fiscal 2009
Dell CEO says considered taking company private
|
Sri Lanka, Emirates close to deal on airline buy-back
Microsoft CEO says changing market not a danger
|
Yen drifts lower in Asian trade
Chunghwa Telecom wants iPad and next-gen iPhone in Taiwan
|
Britons 'are Europe's worst-dressed tourists'
Honda says operations resume at Chinese plant
Book asks: Is Internet ruining our minds?
|
Italian prison island reborn as white donkey haven
German minister sees Facebook fined over privacy
|
G20 finance chiefs mull growth agenda, finance
Nokia unveils 4 cheap phones
|
EU court says countries can ban online gambling
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights