SINGAPORE — Shares in Asia-Pacific largely slipped in Friday morning trade as investors await the release of a closely watched U.S. jobs report.
Shares of South Korea’s Kakao Bank surged in their Friday debut, rising as high as 74.36% from the issue price. Some of those gains were later pared, but the stock was still last trading more than 60% higher. South Korea’s broader Kospi slipped 0.26%.
The S&P/ASX 200 in Australia was little changed.
In Japan, the Nikkei 225 gained 0.11% while the Topix index sat fractionally lower.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.37% lower.
Investors will look ahead to the Reserve Bank of India’s interest rate decision at 12:30 p.m. HK/SIN today.
Overnight on Wall Street, the Dow Jones Industrial Average jumped 271.58 points to 35,064.25 while the S&P 500 gained 0.6% to 4,429.10. The Nasdaq Composite gained 0.78% to 14,895.12.
Those gains came stateside after weekly jobless claims data released Thursday matched expectations. The closely watched July U.S. jobs report is set to be released Friday morning stateside, with a wide range of estimates from economists about what the report will show.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.341 — still above levels below 92 seen earlier in the week.
The Japanese yen traded at 109.86 per dollar, weaker than levels below 109.2 seen against the greenback earlier this week. The Australian dollar was at $0.7383, having climbed from around the $0.738 mark yesterday.
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