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| Asia shares drop as weak US data triggers economy fears | Asia shares drop as weak US data triggers economy fears |
| (40 minutes later) | |
| Asian markets have dropped after weaker-than-expected jobs data from the US triggered concerns about the health of its economic recovery. | Asian markets have dropped after weaker-than-expected jobs data from the US triggered concerns about the health of its economic recovery. |
| Japan's Nikkei 225 index fell 2.1%, South Korea's Kospi dropped 2.6% and Australia's ASX 200 index shed 1.7%. | |
| Data out late on Friday showed that the US economy added 69,000 jobs in May, the smallest number created since May 2011. | Data out late on Friday showed that the US economy added 69,000 jobs in May, the smallest number created since May 2011. |
| Analysts said the data indicated the US economic recovery was losing steam. | |
| "It is an admission of what the markets had been fearing," Peter Esho, chief market analyst at City Index told the BBC. | |
| "There was a lot of anecdotal evidence that the US economic recovery had been flattening out and now we have got a confirmation of that." | |
| The drop in the Asian shares follows similar movements across the global markets. | |
| On Friday, in the US, the Dow Jones dropped 2.2%, the biggest one-day fall in seven months. It closed at its lowest level since 21 December last year. | |
| Meanwhile in Europe, Germany's Dax was down 3.4%, France's Cac 40 index fell 2.2% and in London the FTSE 100 lost 1.1%. |