Asian shares mixed ahead of data releases

Asian shares mixed ahead of data releases
Updated on

Summary The euro fetched $1.3645 and 138.27 yen against $1.3646 and 138.45 yen in US trade.

HONG KONG (AFP) - Asia s markets were mixed Monday despite a positive lead from Wall Street, as traders await the release of key economic data this week including figures on global manufacturing and US jobs.

Tokyo eased 0.16 percent in early trading, Hong Kong added 0.22 percent, Shanghai was 0.10 percent higher and Seoul gained 0.41 percent. Sydney slipped 0.48 percent.

With few catalysts to drive business the focus is on Tuesday s release of June purchasing managers  indices out of China, the eurozone and the United States.

There are hopes the figures will show a further rise in activity in global manufacturing following a recent uptick.

A preliminary report from HSBC earlier in the month showed growth in China for the first time this year.

Later in the week the US Labor Department unveils its jobs report for June, which will be pored over for clues about the state of the world s number one economy.

The three main indices on Wall Street ended higher Friday thanks to a healthy earnings report from Nike. The Dow edged marginally higher, while the S&P 500 rose 0.19 percent and the Nasdaq put on 0.43 percent.

Japan s Nikkei on Monday extended last week s losses as the yen climbed against the dollar, hitting exporters.

The greenback bought 101.33 yen in the morning, compared with 101.45 yen in New York Friday. The euro fetched $1.3645 and 138.27 yen against $1.3646 and 138.45 yen in US trade.

Before the market opened Tokyo released data showing factory output rose 0.5 percent in May from a month earlier after a 2.8 percent fall in April.

The median forecast by the market had been for a recovery of 0.9 percent after a sales tax rise in April dampened consumer demand and production.

On oil markets US benchmark West Texas Intermediate was down 30 cents at $105.44 in mid-morning trade and Brent crude fell 22 cents to $113.08.

Gold fetched $1,315.50 an ounce at 0150 GMT compared with $1,315.46 late Friday.
 

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