Asian markets mixed after Wall Street saw streak of losses
BANGKOK – Asian stocks were mixed on Friday after a rebound on Wall Street shattered a three-day losing streak.
Benchmarks rose in Tokyo, Taipei and Singapore, but fell in Hong Kong and Shanghai.
Investors have been encouraged by the latest US employment data showing fewer Americans claiming unemployment benefits, another sign that the economic recovery is underway.
A preliminary survey of manufacturing sentiment in Japan, the Purchasing Managers’ Index or PMI, showed weakening in May from the previous month. A similar trend has been seen in services, which are most affected by the precautions recently ordered to counter the worst outbreak of coronavirus epidemics in the country. States of emergency have been declared in Tokyo and some other cities and regions, and more are expected to follow.
“The fall in the services PMI from 49.5 to 45.7 marked by far the biggest drop since the first state of emergency last April and left the index at a nine-month low,” said Marcel Thieliant of Capital Economics in a commentary.
“This suggests that the more draconian measures imposed during the third state of emergency, including the closure of department stores, bars and restaurants, are weighing on activity.”
However, the Tokyo NIK Nikkei 225 index,
gained 0.5%. Australian S & P / ASX 200 XJO,
was almost unchanged. In Hong Kong, the Hang Seng HSI,
slipped 0.2%, while the Kospi 180721,
in Seoul fell 0.2%. The Shanghai SHCOMP Composite Index,
lost 0.5%. Stocks fell in Indonesia JAKIDX,
rose in Taiwan Y9999,
and were flat at Singapore STI,
Thursday, the S&P 500 SPX,
gained 1.1% to 4,159.12. The Dow Jones Industrial Average DJIA,
added 0.6% to 34,084.15. Heavy Nasdaq COMP technology,
better than the rest of the market, up 1.8% to 13,535.74.
Yields on Treasuries have mostly fallen, despite positive economic data. The yield on the 10-year Treasury bill remained stable at 1.63%.
The price of bitcoin BTCUSD,
regained ground lost earlier in the week, adding 7.2% to $ 40,868.10, according to online broker Coinbase.
In the other transactions, the American benchmark crude oil CLM21,
picked up 15 cents at $ 62.09 a barrel in e-commerce on the New York Mercantile Exchange. It lost $ 1.94 to $ 61.94 a barrel on Thursday.
Brent BRNN21 raw,
the international standard, added 3 cents to $ 65.14 a barrel.
The US dollar USDJPY,
rose to 108.86 Japanese yen from 108.78 yen on Thursday night.