Asian Shares Mostly Ease, Japan Hurt by Stronger Yen; Eyes on US Monthly Jobs Report on Friday

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Asian stocks mostly fell, with Japan hurting from a stronger yen against the US dollar. But overall, trade was cautious ahead of the key US monthly jobs report, due out Friday.

If the jobs report is much stronger than expected, like the one for October, investors fear the Fed may begin to taper its bond-buying program sooner rather than later.

Around the region, Australia's economy grew a slower-than-expected 0.6% in Q3 from the previous three months. Forecasts were for 0.8% growth.

Chinese President Xi Jinping said the environment for economic and social development next year isn't optimistic. China may set its 2014 gross domestic product growth target at 7%, down from 7.5% this year, the Economic Information Daily said Tuesday, citing research groups, according to Bloomberg.

Companies linked to Shanghai's Free-Trade Zone getting a boost after the People's Bank of China in the city said that the zone reforms will be launched in the next three months.

North Korean leader Kim Jong Un's uncle Jang Song Thaek may have been dismissed as vice chairman of the National Defense Commission.

In ADR news, Hanwha Solarone Co Ltd. ( HSOL ) signed a memorandum of understanding to form a long-term strategic partnership with Jiangsu Zhongtian Technology Co., Ltd in the photovoltaic (PV) downstream business in China. The two companies aim to cooperate in the development, construction, financing and grid-connection of PV projects. Jiangsu intends to use PV modules manufactured by Hanwha SolarOne in its permitted 150 MW distributed energy project in Nantong, Jiangsu Province, China.

The Nikkei ended down 2.17% at 15,407.94, the Hang Seng down 0.76% at 23,728.70 and Shanghai up 1.31% at 2,251.76.

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This article appears in: Investing , Commodities

Referenced Stocks: HSOL

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