Most of the Asian markets made a negative closing on Friday as the oil rally fizzled out and rising US Treasury yields, reflecting expectations that inflation will accelerate in 2017, triggered fresh concerns about capital outflows from emerging markets. US nonfarm payrolls data, a key economic indicator that the Federal Reserve eyes, due later in the day and the weekend's referendum on constitutional reform in Italy also kept investors on the sidelines. US employment is expected to increase by 170,000 jobs in November after climbing by 161,000 jobs in October, while the unemployment rate is expected to hold at 4.9 percent. Chinese shares ended lower as coking coal futures and construction product steel rebar tumbled after recent sharp gains. Further, Japanese shares fell modestly as the dollar pulled back against the yen.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,243.84 | -29.47 | -0.90 |
Hang Seng | 22,564.82 | -313.41 | -1.37 |
Jakarta Composite | 5,245.96 | 47.20 | 0.91 |
KLSE Composite | 1,628.96 | 2.52 | 0.15 |
Nikkei 225 | 18,426.08 | -87.04 | -0.47 |
Straits Times | 2,919.37 | -9.21 | -0.31 |
KOSPI Composite | 1,970.61 | -13.14 | -0.66 |
Taiwan Weighted | 9,189.49 | -74.04 | -0.80 |
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