Asian stock markets are falling on Friday in anticipation of the release of fresh statistics on the US labor market, which may influence the further actions of the Federal Reserve, writes MarketWatch.
In addition, US stock indices showed negative dynamics in the trading session a day earlier.
In China, the festive “golden week” continues, in connection with which the exchanges of the mainland of the country do not work.
The value of the Japanese Nikkei 225 index decreased by 0.7% by 8:20 a.m. following the shares of technology companies. However, it may show an increase in the first week of the last four, says Trading Economics.
The leaders of the fall in quotations are papers of the electronics manufacturer Sharp Corp. (-3.8%) and retailer Seven & I Holdings Co. (-3.1%). In addition, the cost of Tokyo Electron (-1%), Keyence (-0.6%), Recruit Holdings (-2.2%) and Advantest (-1.6%) is declining.
Meanwhile, stocks of railroad operators Central Japan Railway Co. are on the rise. (+2.4%), East Japan Railway Co. (+1.9%), West Japan Railway Co. (+1.9%), Keisei Electric Railway Co. (+1.6%), Tobu Railway Co. (+1.5%).
The price of securities of the investment and technology SoftBank Group (+0.7%), the manufacturer of consoles and video games Nintendo (+0.2%) is rising.
The Hong Kong Hang Seng fell 1.3% by 8:25 am KSK. The index is falling for the second trading session in a row, but since the beginning of this week it has gained more than 3%.
The stock prices of Country Garden Holdings Co. developers fell most significantly on the Hong Kong Stock Exchange. (-11.6%) and Longfor Group Holdings Ltd (-9%), automakers BYD (-5.1%) and Geely (-3.8%), online retailer JD.com (-3.7%) and consumer electronics manufacturer Xiaomi (-3.6%).
At the same time, securities of the Sands China Ltd casino operator are rising in price. (+2.8%), chip manufacturer Semiconductor Manufacturing International Corp. (+1.1%), insurer AIA Group (+1%).
The South Korean index Kospi by 8:20 am Ksk decreased by 0.3%.
The value of the shares of automaker Hyundai Motor fell by 2%.
Meanwhile, stock quotes of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. are up 0.2% despite the company forecasting a 31.7% fall in third-quarter profit amid weakening consumer demand.
The Australian S&P/ASX 200 index fell 0.8%, following shares of banks and technology companies.
Xero Ltd fell 3.5%, Wisetech Global – 3.3%, Commonwealth Bank of Australia – 0.5%, Westpac Banking – 0.3%, Australia & New Zealand Banking and National Australia Bank – by 0.4%.
The capitalization of the world’s largest mining companies BHP and Rio Tinto fell by 1.7% and 1.4%, respectively.
