Asian stocks down as investors anticipate latest US data

06.08.2021 - Davydova Maria
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.

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