Global Markets:
- Asian Stock Markets : Nikkei up 0.89%, Shanghai Composite up 0.69% Hang Seng up 1.35% ASX up 1.37%
- Commodities : Gold at $4,191.25 (1.58%) Silver at $62.905 (2.99%), Brent Oil at $72.27 (0.64%), WTI Oil at $69.03 (0.49%)
- Rates : US 10-year yield at 4.469, UK 10-year yield at 4.7812, Germany 10-year yield at 2.8984
News & Data:
- (USD) Non-Farm Employment Change 57K to 114K expected
Markets Update:
Asia-Pacific markets traded mixed on Friday as investors continued rotating out of technology stocks, following overnight weakness on Wall Street. Japan’s Nikkei 225 gained 0.37% and the Topix rose 0.34%. South Korea’s Kospi advanced 0.97%, while the Kosdaq fell 1.12%. Australia’s S&P/ASX 200 added 0.42%. Hong Kong’s Hang Seng climbed 1.72% and China’s CSI 300 rose 0.74%, while Taiwan’s Taiex declined 0.91%.
In the U.S., markets closed mixed on Thursday. The Dow Jones Industrial Average surged 594.83 points, or 1.14%, to a record 52,900.07 after a softer-than-expected June jobs report strengthened expectations of Federal Reserve rate cuts. The S&P 500 ended little changed, while the Nasdaq lost 0.8% as semiconductor stocks extended their decline for a second consecutive session. The VanEck Semiconductor ETF dropped 4.5%, with Teradyne and KLA posting sharp losses. Nvidia fell 1.4%, while Micron declined 5.5%. U.S. markets are closed Friday for the Independence Day holiday.
In Hong Kong, Kuaishou Technology slipped after announcing a nearly $2.8 billion capital injection into its AI unit, Kling AI, despite initially rising over 5% at the open.
Meanwhile, oil prices edged higher, with WTI crude trading at $68.95 per barrel and Brent crude at $72.07, as investors monitored diplomatic developments between Washington and Tehran alongside ongoing geopolitical risks.
Upcoming Events:
- 08:30 AM GMT – GBP Final Services PMI
