Asian shares slip as focus moves to US data HONG KONG: Asian markets slipped in early trade on Thursday as investors await the release of US data on jobs and economic growth, while the euro held up ahead of a closely watched European Central Bank meeting. Tokyo eased 0.50 percent by the break and Sydney was 0.41 percent off while Seoul was flat. Hong Kong shed 0.58 percent and Shanghai slipped 0.18 percent, with dealers also cautious before a Chinese Communist Party gathering at the weekend that is expected to outline its economic policy for the next five years. With most corporate reporting out of the way, attention is now on the release Thursday of US third-quarter gross domestic product figures and on Friday of non-farm payrolls data for October. The results will give traders a handle on the Federal Reserves plan for its stimulus programme. The general consensus is that a strong set of numbers will push the bank into winding down the scheme sooner rather than later.
Posted on: Thu, 07 Nov 2013 05:09:00 +0000
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