Asia stocks muted in holiday-thinned trading

BANGKOK — Asian stock markets were muted Friday in holiday-thinned trade ahead of a monthly U.S. hiring report.

By (AP)

Published: Fri 6 Apr 2012, 3:32 PM

Last updated: Tue 7 Apr 2015, 12:52 PM

The payrolls report for March will be watched for further confirmation of a recovery in the world’s biggest economy but market reaction will be largely delayed until Monday because of the Easter long weekend.

U.S. stock markets are closed Friday and much of Europe is also on holiday. In Asia, markets are closed in Hong Kong, India, Singapore, Australia, New Zealand, Thailand and the Philippines. Oil trading is also suspended on Good Friday.

If the payrolls report shows private employers continuing to step up hiring it could underpin positive sentiment in markets for a week or more. U.S. indicators have recently provided one of the few signs of strength for the global economy as China’s growth wanes and Europe stagnates amid austerity and high government debt.

Japan’s Nikkei 225 stock average was down 0.7 percent at 9,699.28 and South Korea’s Kopsi was little changed at 2,028.66.

Mainland China’s Shanghai Composite Index rose 0.2 percent to 2,305.34 and Taiwan’s benchmark added 0.8 percent to 7,701.62.

In currencies, the euro was 0.1 percent higher at $1.3070. The dollar was little changed at 82.28 yen.

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