Asia-Pacific stocks slip; South Korea’s markets closed for holiday
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SINGAPORE — Shares in Asia-Pacific slipped in Monday morning trade as investors watched for market reaction to Friday’s big miss in U.S. jobs data.
Japan has the following: Nikkei 225The Topix index was below the flatline, and the indices fell by 0.53%.
Australia shares dropped with the fall of other countries. S&P/ASX 200It is down by 0.94%
MSCI’s Asia-Pacific share index, which is the largest outside of Japan, traded 0.3% lower.
For a Monday holiday, South Korean markets are closed
According to the Labor Department, U.S. nonfarm payrolls were up by 194,000 in September. That’s a sharp decrease from the Dow Jones estimation of 500,000. The unemployment rate fell to 4.8% in September, which was lower than the 5.1% expected and is the lowest level since February 2020.
Currencies, oil
The U.S. dollar indexThe indices that track the greenback in relation to its peers were at 94.162, following a fall of above 94.2.
The Japanese yenThe dollar traded at $112.26, after falling to below 111.6 late last week. The Australian dollarThe exchange rate was $0.7296. This is higher than the $0.724 levels last week.
The morning Asia trading hour saw oil prices rise, with benchmarks internationally. Brent crude futuresUp to 0.28% to $82.62 a barrel U.S. crude futuresBarrel price increased by 0.47% to $79.72
— CNBC’s Jeff Cox contributed to this report.
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