Asian stock markets enter holiday cycle – 5/3/2021

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By Wayne Cole

SYDNEY (Reuters) – Asian stock markets showed weakness on Monday, holidays in China and Japan have subsided and investors are awaiting a series of data this week that the United States hopes will lead the global economic recovery .

The Taiwan index lost 1.96%, causing a loss in the region. There was no trade due to Japan’s Nikkei holiday, but the index futures were rising.

The expectation is that a week that mixes with US economic data, especially in ISM’s manufacturing survey and a major employment report in April, will show strong strength.

The forecast is that 978,000 jobs were created in the US in the month as US consumers spend their incentive checks and the economy opens up more.

. In TOKYO, the Nikkei index remained closed.

. In Hong Kong, Heng Seng closed 1.28% down at 28,357 points.

. In Shanghai, there was no operation of the SSEC index.

. The CSI300 index, which includes SHANGHAI and the largest companies listed in Shenzhen, has not opened.

. In Seoul, the KOSPI index declined 0.66% to 3,127 points.

. In TAIWAN, the TAIEX index declined 1.96% to 17,222 points.

. In Singapore, the STIMITS TIMES index fell 1.04% to 3,184 points.

. In SYDNEY, the S & P / ASX 200 advanced 0.04% to 7,028 points.

See also  Asian markets fall after grim U.S. GDP data

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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