Economic news

Asian shares sink, trade talks and U.S. jobs report in focus

Asian equities pulled back on Friday as investors waited for U.S. payrolls data and U.S. - China trade talks weighed on markets.

Photo: Reuters

MSCI's broadest index of Asia-Pacific shares lost 0.2 percent, on track to end the week slightly lower.

Hong Kong's Hang Seng dropped 0.8 percent, while the Shanghai Composite slipped 0.1 percent.

Australia’s S&P/ASX 200 Index eased 0.5 percent and South Korea’s Kospi index slumped 0.8 percent.

Traders remained cautious, digesting a pretty weak performance on Wall Street overnight as some weaker-than-expected financial results offset solid economic figures, while bond yields fell after an unexpected slowdown in euro area inflation.

Asia-Pacific trading was relatively thin as Japan remained closed for a holiday.

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