Monday, June 8, 2015

Asian Market Update : Epic Research Singapore

Asian markets mostly fell on Monday, with a better-than-forecast US jobs report fuelling talk of an early interest rate hike, while the dollar sat around 13-year highs.

The likelihood that US borrowing costs will go up before the end of the year saw most Wall Street indexes close lower, and also overshadowed an upward revision of Japanese economic growth.

Tokyo slipped 0.44 per cent, Hong Kong lost 0.10 per cent and Seoul shed 0.20 per cent.

However Shanghai added 1.02 per cent on hopes for fresh monetary easing by China's leaders after data showed exports and imports sank in May.

Sydney was closed for a public holiday.

The US Labor Department on Friday said the world's biggest economy and key driver of global growth created 280,000 jobs in May.

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