Japan’s Nikkei Stock Average JP:100000018 -0.98% lost 1.1%, Australia’s S&P/ASX 200 index AU:XJO -1.01% dropped 1% and South Korea’s Kospi KR:SEU -1.10% shed 0.5%.
On Friday, China’s official version of the manufacturing Purchasing Managers’ Index declined to 50.4 in May, from 53.3 in April, well below forecasts.
U.S. stocks capped their worst month in several years on Thursday, as disappointing jobs and business activity data kept investors sidelined ahead of the closely-watched nonfarm payroll report due Friday. Read more on the U.S. session.
Wall Street got a short-lived lift from speculation that the International Monetary Fund had begun work on a possible bailout for Spain. Both parties denied the reports.
The euro remained under pressure, creating fresh headwinds for Japanese exporters in Asian trading on Friday. The dollar USDJPY +0.34% slipped back below the ¥79 level and the euro EURJPY +0.10% traded under ¥97.
Firms with European exposure declining Friday included Sony Corp. JP:6758 -2.67% SNE +1.61% , down 2.8%, while Advantest Corp. JP:6857 -2.63% ADTTF +19.54% dropped 2.8%.
Mazda Motor Corp. JP:7261 -4.00% MZDAF +3.15% traded down 5%. The Nikkei reported that the carmaker plans to trim 250 sales jobs in Europe and the U.S. Read more on Mazda's planned job cuts.
Other automakers also lost ground on Friday, with Nissan Motor Corp. JP:7201 -2.24% NSANY +0.63% down 2.4% and Isuzu Motors Ltd. JP:7202 -3.10% ISUZY -5.39% losing 3.1%.
Technology firm Renesas Electronics Corp. JP:6723 -7.60% RNECY -22.16% plunged another 7.6% on Friday, taking quarter-to-date losses to just over 60%. Read more on Renesas.
Stocks in the key shipping sector dragged in Seoul. Samsung Engineering Co. dropped 1.1% and Hyundai Heavy Industries Co. lost 1.3%.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment