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Japanese shares end flat on mixed economic data | |
(about 7 hours later) | |
Japanese shares traded flat after a series of mixed economic data did little to boost investors' confidence in the world's third largest economy. | |
The country's jobless rate unexpectedly rose to 3.4% in August from the previous month, as job availability climbed to a more than 23-year high. | |
Meanwhile, consumer spending rose more than expected to 2.9% from a year ago, compared to a decline of 0.2% in July. | Meanwhile, consumer spending rose more than expected to 2.9% from a year ago, compared to a decline of 0.2% in July. |
The benchmark Nikkei 225 index ended flat at 17,725.13 points. | |
Investors were cautious ahead of the monthly US jobs report due out later on Friday. | Investors were cautious ahead of the monthly US jobs report due out later on Friday. |
Strong hiring would likely raise expectations of the Federal Reserve hiking interest rates for the first time in nearly a decade at its next meeting later in the month. | Strong hiring would likely raise expectations of the Federal Reserve hiking interest rates for the first time in nearly a decade at its next meeting later in the month. |
Casino shares jump | |
Mainland Chinese markets are closed for the National Golden Week holidays until 8 October. | |
Shares in Hong Kong led the region's gains with the Hang Seng index up 2.7% to 21,403.80 as casino shares rose. | |
Gambling revenue in the world's biggest gaming hub Macau fell 33% in September from a year ago, but that was in line with expectations. | |
Shares of casino operators Wynn Macau and Galaxy Entertainment were up 8.4% and 11.4% respectively, despite revenues hovering near five-year lows. | |
Australian shares closed down with the S&P/ASX 200 index lower by 1.1% to 5,056.80. | |
South Korea's Kopsi index ended lower by 0.5% to 1,969.68 points. | |
Investors' sentiment was dented by data that showed consumer prices unexpectedly fell 0.2% in September, from a 0.2% rise in August. |