12/5/2023, 3:35 AM (Source: TeleTrader)
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Asian markets slip ahead of US jobs data, RBA rate call

Asian stocks declined on Tuesday as investors adjusted expectations ahead of a crucial US jobs report. Attention also turned to the Reserve Bank of Australia's impending interest rate decision and the Japanese and Chinese economic indicators.

On the data front, Japan's services PMI indicated overall growth in the sector for November but fell below expectations, while, China's services activity surpassed projections. Market participants are now awaiting the release of Japan's consumer confidence figure.

On the Chinese mainland, the Shanghai Composite traded 0.59% lower at 3:30 am CET, with the Shenzhen Composite down by 0.75% a minute later.

At 3:32 am ECT, Hong Kong's Hang Seng lost 1.28% and Japan's Nikkei 225 fell by 1.35%. The dollar went 0.07% down against the yen, going for ¥147.1890 at 3:34 am CET, as South Korea's Kospi Composite lost 0.38% and Australia's S&P/ASX 200 decreased by 0.10%.

Baha Breaking News (BBN) / NL