Asia-Pacific markets fell ahead of the US jobs report

Japan Exchange Group Inc. (JPX) The logo of the Tokyo Stock Exchange (TSE) is displayed on the stock exchange in Tokyo, Japan, on Friday, October 2, 2020.

Akio Kone | Bloomberg via Getty Images

Asia-Pacific shares fell earlier on Friday Monthly US jobs report, It will guide the Federal Reserve’s monetary decision in November.

Economists polled by Dow Jones forecast that payrolls are expected to increase by 275,000 in September, and unemployment will hold steady at 3.7%.

of Hong Kong Hang Seng Index It lost 1.13% and the Hang Seng Tech index fell 2.8%. The Nikki 225 Japan fell 0.6% and the Topix index fell 0.66%. In Australia, the S&P/ASX 200 Down 0.57%.

of South Korea Cosby Costco partially gained as it fell 0.38%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1%. Markets in mainland China are closed for the holiday.

Overnight in the U.S., major indexes fell — with the Dow Jones industrial average down 346.93 points, or 1.15%, to 29,926.94. The S&P 500 fell 1.02% to 3,744.52, while the Nasdaq Composite shed 0.68% to 11,073.31.

“Equity markets struggled as markets awaited the much-anticipated US payrolls data…and comments from central bank officials maintained a ‘more demand’ vibe,” ANZ Research analysts wrote in a note on Friday.

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