An employee works at the Tokyo Stock Exchange (TSE), which is operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, Thursday, Jan. 13, 2022.
Toru Hanai | Bloomberg via Getty Images
Asia-Pacific shares were mixed on Friday as investors looked ahead to the US jobs report for August, a key indicator ahead of the Federal Reserve̵[ads1]7;s next interest rate decision later this month.
South Korea’s consumer price index rose more slowly 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.
Japan’s Nikkei 225 was flat, while the Topix index was down 0.24%. Hong Kong’s Hang Seng Index fell 0.62% and the Hang Seng Tech Index fell almost 1%.
In Australia, the S&P/ASX 200 rallied from earlier losses to edge slightly higher.
Mainland China’s Shanghai Composite rose 0.28% and the Shenzhen component traded 0.231% higher. The Kospi in South Korea rose 0.26% and the Kosdaq rose 0.2%.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.32% lower.
Economists forecast 318,000 jobs were added in August, down from the 528,000 jobs added in July, according to Dow Jones. Unemployment is estimated to be unchanged at 3.5%.
“All the focus today is on Lønn later tonight where [whisper] The figure is for a stronger than expected print, which would add to the case for a 75bp hike in September,” Tapas Strickland, an economist at National Australia Bank, wrote in a note on Friday.
Overnight in the US, the Dow Jones Industrial Average rose 145.99 points, or about 0.5%, to 31,656.42. The S&P 500 added 0.3% to 3,966.85, and the Nasdaq Composite fell about 0.3% to 11,785.13.
— CNBC’s Patti Domm, Sarah Min and Tanaya Macheel contributed to this report.