October 20, 2021

US jobs report, oil prices, dollar moves

Currency dealers monitor exchange rates in a trading room at the KEB Hana Bank in Seoul on May 9, 2019.

Jung Yeon-je | AFP | Getty Images

SINGAPORE — Asia-Pacific markets were mixed in early trade Friday ahead of the U.S. jobs report due later in the day that might provide some indication on what the Fed could do next.

Japan’s Nikkei 225 fell 0.29% while the Topix index traded near flat.

In South Korea, the Kospi rose 0.15% while in Australia, the benchmark ASX 200 traded fractionally higher as major banking stocks came under pressure.

Friday’s session follows overnight moves on Wall Street where major U.S. indexes advanced following a better-than-expected reading on jobless claims.

“There was limited movement in equity markets overnight, as relatively strong economic data were offset by news the Biden administration is likely to keep some Trump-era limits on US investments in some…

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