Asian stocks down as investors anticipate latest US data
Stocks in Asia Pacific dropped on Friday, while US counterparts closed the previous session on a record due to strong earnings. Meanwhile, worries about surges in COVID-19 cases worldwide have somewhat eased.
In Japan, the Nikkei 225 edged up 0.05% by 10:33 PM ET (2:33 AM GMT), while shares in Nintendo Co. Ltd. dropped after a profit miss.
Meanwhile, in South Korea, the KOSPI dipped 0.34% as Kakao Bank debuted in the market.
Going over to China, Shanghai Composite fell down 0.37%, while the Shenzen Component took a 0.23% loss. Shares in both liquor and e-cigarette companies took a hit on Thursday, amid worries that they could be the next target of stricter curbs.
Still in China, Kuaishou Technology shares made a record fall following the expiration of a post-listing lockup on sales.
Down under, the ASK 200 slipped 0.02%, while Hong Kong’s Hang Seng Index went down 0.26%.
Across the Pacific, investors mulled over a second weekly drop in US jobless claims with 385,000 claims submitted in the previous week. However, attention is now shifted to the latest US jobs report, including non-farm payrolls, to be released later in the day.