People watch the city skyline from the observation deck of Bunkyo Center in Bunkyo Ward, Tokyo, on August 14, 2024.
Fang Philips | AFP | Getty Images
Asia-Pacific stocks fell on Monday, led by losses in Japan Nikkei 225 Index Stocks in the region led losses after a weaker-than-expected U.S. jobs report on Friday.
U.S. nonfarm payrolls rose by 142,000, below the 161,000 estimate by economists polled by Dow Jones. On the other hand, the unemployment rate fell slightly to 4.2%, in line with expectations.
Asian traders will assess Japan’s revised second-quarter GDP data and China’s consumer price index report on Monday. Japan’s second quarter GDP The annual growth rate was 2.9%, lower than the 3.2% expected by economists polled by Reuters and the advance figure of 3.1%.
China’s inflation rate in August is expected to increase by 0.7% year-on-year, compared with 0.5% in July.
The Nikkei fell 3%, while the Topix fell 2.79%.
South Korea’s Kospi fell 1.99% and the small-cap Kosdaq fell 1.72%.
Australian S&P/ASX 200 Index down 0.6%.
Hongkong Hang Seng Index The futures index was at 17,443 points, lower than the Hang Seng Index’s last closing point of 17,444.3 points.
Friday, S&P 500 Index This is the worst week since March 2023. Nasdaq Index Recording its worst week since March 2022.
During Friday’s trading session, the Composite Index fell 1.73% and the Nasdaq fell 2.55%. this Dow Jones Industrial Average down 1.01%.
—CNBC’s Samantha Subin and Pia Singh contributed to this report.
