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Asian markets close mostly in red on Friday

06 May 2016 Evaluate

The Asian markets closed mostly in red on Friday as a firmer dollar exerted downward pressure on commodities and investors looked ahead to a key US jobs report due later in the day for clues on whether the Federal Reserve will hike rates in June. The non-farm payrolls report is expected to show an increase of about 200,000 jobs in April, fewer than the 215,000 created in March. At the same time, the unemployment rate is expected to edge down to 4.9 percent from 5 percent. Chinese shares led regional losses on worries about rising bond defaults and a broad sell-off in China's commodities market. Japanese shares fell slightly to extend losses for the sixth consecutive session as trading resumed after a three-day national holiday, while investors were worried about corporate profit growth as the yen changed hands in the lower 107 yen range. Markets in South Korea and Indonesia were closed for public holidays.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,913.25 -84.59-2.82
Hang Seng20,109.87 -339.95-1.66
Jakarta Composite---
KLSE Composite1,649.36 4.270.26
Nikkei 22516,106.72 -40.66-0.25
Straits Times2,730.80 -37.01 -1.34
KOSPI Composite---
Taiwan Weighted8,146.43 -21.53-0.26

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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