Asian shares declined, with the Nikkei falling as the yen
strengthened against the US dollar.
The dollar weakened after U.S. nonfarm payrolls grew by 148,000,
missing economists' expectations for 180,000. The data fueled
speculation the Federal Reserve will keep monetary policy on hold
until next year.
The weak data also sparked worries over the health of the US
Meanwhile, China's market was pressured by a jump in money
market rates. The benchmark seven-day repo contract, which had been
steadily sliding since October 9, spiked in the morning session, a
day after a policy adviser to the People's Bank of China (PBOC)
told Reuters it was weighing tightening measures.
Around the region, Australia's Q3 CPI also rose 1.2%, more than
estimates for up 0.8%. Q3 CPI advanced 2.2% year over year, above
expectations for up 1.8%. That erased some hope of a rate cut.
China's government debt is generally at safe, controllable
levels, China's premier, Li Keqiang, said at an auditing conference
held in Beijing, according to an account posted on the Chinese
government's main website.
In ADR news, Nidec (
) increased its net profit forecast for the 2014 fiscal year,
citing strong motor-vehicle product sales.
The Nikkei ended down 1.95% at 14,426.0, the Hang Seng down
1.36% at 22,999.95 and the Straits Times down 0.17% at
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