Moscow. On 6 November. Most Asian stock indices rising on Friday in anticipation of data on U.S. labor market, which can give investors new signals about the possibility of the rise of the basic interest rate of the Federal reserve system (FRS), reports Bloomberg.
The Japanese index Nikkei 225 rose during trading by 0.8%, China’s Shanghai Composite added 1.3%, the Australian S&P/ASX 200 is up 0.4%, Hong Kong’s Hang Seng fell 0.6%.
The number of jobs in the U.S. economy in October grew by 185 thousand from 142 thousand in the previous month, forecast surveyed by Bloomberg experts. Unemployment in the country is expected to have fallen to 5% from 5.1%.
“If the report on the labor market will meet the expectations, the probability of lifting bets the Federal Reserve will increase, says analyst at Nomura Holdings Inc. in Tokyo Yuichi WAKO. – The yen weakened against the US dollar in expectation of increasing bets the U.S. Central Bank, and that’s a plus for the Japanese market”.
The yen to US dollar dropped on Thursday by 0.1% to 121,75 the yen and dropped to 121,83 the yen on Friday.
The value of shares of a Japanese multinational company Takeuchi Manufacturing Co., receiving about 43% of revenue in the U.S. increased in the course of trading is 1.6%.
Paper manufacturer of agricultural equipment Kubota Corp. climbed 3.6% after the company improved the profit Outlook, noting the weakening of the yen.
Share prices of Japan Post Holdings, as well as the banking and insurance divisions are falling for the first time since the IPO, held on Wednesday. Shares of all three companies are losing in price at least 2%.
The value of the securities Takata Corp. dropped by 8.9%. Shares of Japanese supplier of airbags for cars fell by a record 35% in the previous two sessions after losing the company’s largest customer, Honda Motor, jeopardising its continued existence
Chinese stock market continues to grow, with increased activity of traders. The rise of the Shanghai Composite, from a low this year, recorded August 26, exceeds 20%, indicating the beginning of the “bullish” trend.
Shares of technology and financial companies of China are the leaders of rising prices on Friday. The value of the securities brokerage company Western Securities surged 10%, Citic Securities – 5.4%.
The stock price Tongfang Guoxin Electronics increased by 10% after the chip maker announced plans to attract 80 billion yuan (us$12.6) by private placement of shares.
Meanwhile, the Hong Kong market falls on Friday on fears that its recent recovery was excessive and not justified by the prospects of profits.