All of the Asian markets are trading in red in early deals on Friday amid the negative cues overnight from Wall Street as after a jump in US treasury yields raised concerns about the outlook for interest rates. Investors awaiting the US Labor Department's closely- watched monthly employment report for September due later in the day. The report is expected to show employment climbed by about 185,000 jobs in September after jumping by 201,000 jobs in August. Meanwhile, the Japan’s Nikkei fell, tracking weakness on Wall Street where rising US Treasury yields have dimmed the allure of stocks. Markets in China remains closed for a national holiday.
Nikkei 225 dropped 113.23 points or 0.47% to 23,862.39, Hang Seng slipped 111.22 points or 0.42% to 26,512.65, Straits Times contracted 30.39 points or 0.95% to 3,201.20, Jakarta Composite declined 19.92 points or 0.35% to 5,736.70, Taiwan Weighted dipped 198.52 points or 1.89% to 10,520.39, KOSPI tumbled 6.05 points or 0.27% to 2,268.44, and FTSE Bursa Malaysia KLCI down by 8.85 points or 0.49% to 1,781.26.
