An employee works at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 13, 2022.
Toru Hanai | Bloomberg via Getty Images
Asia-Pacific shares were mixed on Friday as investors look ahead to the U.S. jobs report for August, a key indicator before the Federal Reserve’s next interest rate decision later this month.
South Korea’s consumer price index rose slower than expected — 5.7% in August from the same period a year ago, less than the 6.1% predicted by analysts in a Reuters poll.
The Nikkei 225 in Japan was almost flat at 27,650.84, while the Topix index was down 0.27% at 1,930.17. Hong Kong’s Hang Seng index slipped 0.66% in the final hour of trade and the Hang Seng Tech index dropped 1.28%.
In Australia, the S&P/ASX 200 closed 0.25% down at 6,828.70. The Kospi in South Korea lost 0.26% to 2,409.41 and the Kosdaq declined 0.31% to 785.88.
Mainland China’s Shanghai Composite rose fractionally to 3,186.48 and the Shenzhen Component was slightly lower at 11,702.39.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.52% lower.
U.S. crude and Brent crude extended gains in afternoon trade, rising more than 2% each.
Economists predict that 318,000 jobs were added in August, fewer than the 528,000 jobs added in July, according to Dow Jones. Unemployment is forecast to be unchanged at 3.5%.
“All focus today is on Payrolls later tonight where the [whisper] number is for a stronger than expected print, which would add to the argument for a 75bp hike in September,” Tapas Strickland, an economist at the National Australia Bank, wrote in a note Friday.
Overnight in the U.S., the Dow Jones Industrial Average rose 145.99 points, around 0.5%, to 31,656.42. The S&P 500 added 0.3% to 3,966.85, and the Nasdaq Composite slipped about 0.3%, to 11,785.13.
— CNBC’s Patti Domm, Sarah Min and Tanaya Macheel contributed to this report.
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