Asian stocks fell, with the regional benchmark index heading for a two-week decline, as investors awaited U.S. labor data. Energy companies led losses.
The MSCI Asia Pacific Index slid 0.2 percent to 150.14 as of 9:07 a.m. in Tokyo, with all 10 industry groups retreating. The measure is poised for a 1.8 percent slide this week.
Japan’s Topix index added 0.1 percent. Australia’s S&P/ASX 200 Index gained 0.2 percent, while New Zealand’s NZX 50 Index increased 0.3 percent. South Korea’s Kospi index lost 0.4 percent. Markets in Hong Kong and China are yet to open.
E-mini futures on the Standard & Poor’s 500 Index were little changed. The underlying equity measure added 0.4 percent on Thursday in New York as Yahoo! Inc. led a rebound in technology shares.
U.S. employers probably added 228,000 workers to nonfarm payrolls in April, after a 126,000 increase in March, according to economists surveyed by Bloomberg. Federal Reserve policy makers are monitoring labor data to determine the timing of higher borrowing costs after economic growth slowed in the first quarter for reasons the central bank called “transitory.”
David Cameron is on course to remain prime minister at the head of a minority government after the U.K. general election, an exit poll indicated. The Conservatives were forecast to win 316 of Parliament’s 650 seats, with the Labour Party trailing on 239 seats, according to the survey of voters published as polling stations closed at 10 p.m. Thursday.
Source : Bloomberg