Stocks

Nikkei, Hang Seng trade in a tight range

Reuters SYDNEY | Updated on June 05, 2020 Published on June 05, 2020

Japan's Nikkei rose 1.5 per cent on Monday taking cues from Chinese stocks. File Photo   -  Reuters

Asian markets were in a tight range on Friday after a mixed Wall Street session and as investors awaited key U.S. jobs data while sustained hopes about a global economic recovery kept pressure on the safe-haven dollar.

The week's global equity rally lost some steam on Thursday as traders took winnings from seven days of gains, backing away ahead of Friday's nonfarm payrolls data, which is expected to show further deterioration in the U.S. jobs market.

Australian S&P/ASX 200 futures lost 0.2% in early trading while Japan's Nikkei 225 futures slipped 0.4%.

Japan’s Nikkei declined 78.97 points, or 0.35 per cent to 22,616.77, while Hang Seng index was a tad up at 24,369.89.

Hong Kong's Hang Seng index futures lost 0.55%.

E-mini futures for the S&P 500 rose 0.14%.

The dollar index fell 0.6%, with the euro up 0.04% to $1.134.

Published on June 05, 2020
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