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Asian markets end lower on Friday

Mumbai : Asian markets ended lower on Friday as a surge in US Treasury yields raised concerns about the outlook for interest rates. Media reports suggesting that China secretly inserted surveillance microchips into servers used by Apple and Amazon also weighed on markets.

Investors looked ahead to the US jobs report for September due later in the day for clues over the next rate hike move in December. US employment is expected to jump by about 185,000 jobs in September after increasing by 201,000 jobs in August. The jobless rate is expected to dip to 3.8 percent from 3.9 percent. Japanese shares ended lower, tracking weakness on Wall Street as rising US Treasury yields have dimmed the allure of most stocks except financial ones. Meanwhile, Chinese markets continued to remain closed for national holidays.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

Hang Seng

26,572.57

-51.30

-0.19

Jakarta Composite

5,731.94

-24.68

-0.43

KLSE Composite

1,777.15

-12.96

-0.72

Nikkei 225

23,783.72

-191.90

-0.81

Straits Times

3,209.79

-21.80

-0.68

KOSPI Composite

2,267.52

-6.97

-0.31

Taiwan Weighted

10,517.12

-201.79

-1.92

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