Asian markets were mixed on Friday in holiday-thinned trade as investors look ahead to the release of US jobs data later in the day, while Shanghai retreated on profit-taking after a recent rally.
Wall Street provided a positive lead following another round of upbeat US indicators, although the dollar dipped against the yen.
Tokyo edged up 0.37 per cent and Seoul gained 0.30 per cent.
Shanghai slipped 0.85 per cent after surging to seven year highs over the past month on hopes for fresh monetary easing by China, while Kuala Lumpur was flat.
Hong Kong, Jakarta, Singapore, Mumbai, Sydney, Wellington, Manila and Taiwan were closed for public holidays.
With few catalysts to drive trade, investors are biding their time until the release in Washington of the US non-farm payrolls figures, which will be pored over for clues about the Federal Reserve's timetable to hiking interest rates.
"We're likely to be in a wait-and-see mode today" before the jobs report and given the holidays, Juichi Wako, a senior strategist at Nomura Holdings Inc. in Tokyo, told Bloomberg News.
Friday's report is expected to show the economy added a strong 250,000 jobs last month, compared with 288,000 in February, while the jobless rate is forecast to remain unchanged at 5.5 per cent.
On Wall Street the three main indexes advanced after data showed jobless claims fell last week, suggesting more tightening in the labour market, while the trade deficit shrank to a more than five-year low, which analysts said should give a boost to first-quarter economic growth.
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Wall Street provided a positive lead following another round of upbeat US indicators, although the dollar dipped against the yen.
Tokyo edged up 0.37 per cent and Seoul gained 0.30 per cent.
Shanghai slipped 0.85 per cent after surging to seven year highs over the past month on hopes for fresh monetary easing by China, while Kuala Lumpur was flat.
Hong Kong, Jakarta, Singapore, Mumbai, Sydney, Wellington, Manila and Taiwan were closed for public holidays.
With few catalysts to drive trade, investors are biding their time until the release in Washington of the US non-farm payrolls figures, which will be pored over for clues about the Federal Reserve's timetable to hiking interest rates.
"We're likely to be in a wait-and-see mode today" before the jobs report and given the holidays, Juichi Wako, a senior strategist at Nomura Holdings Inc. in Tokyo, told Bloomberg News.
Friday's report is expected to show the economy added a strong 250,000 jobs last month, compared with 288,000 in February, while the jobless rate is forecast to remain unchanged at 5.5 per cent.
On Wall Street the three main indexes advanced after data showed jobless claims fell last week, suggesting more tightening in the labour market, while the trade deficit shrank to a more than five-year low, which analysts said should give a boost to first-quarter economic growth.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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