Most of the Asian markets traded lower in early deals on Friday, due to risk aversion ahead of the US non-farm payrolls data due later in the day for more cues on timeline of Federal Reserve’s potential rate cut. Investors also eyed on May trade data of China and key Shanghai forum on Saturday where the country’s top securities regulator will unveil capital market-related policy measures, raising hopes for further policy boost. Japan’s Nikkei retreated with the firmer local currency yen. Meanwhile, real household spending of the country rose for the first time since February last year.
Nikkei 225 down by 82.36 points 0.21% to 38,621.15, Hang Seng slipped by 68.82 points 0.37% to 18,407.98, Taiwan Weighted dipped by 31.59 points or 0.14% to 21,871.11, Jakarta Composite diminished by 39.64 points or 0.57% to 6,935.26, Shanghai Composite narrowed by 8.88 points or 0.29% to 3,039.91,
On the flip side, Straits Times up by 15.74 points 0.47% to 3,346.55, KOSPI Index lifted by 26.67 points or 0.99% to 2,716.17, and FTSE Bursa Malaysia KLCI added 2.89 points or 0.18% to 1,617.62.
