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Home International Markets

Asian stocks start lower but Hong Kong gains

byCustoms Today Report
12/01/2015
in International Markets
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JAKARTA: Asian stock markets were broadly lower on Monday, with the exemption of Hong Kong, taking signals from a worst end on Wall Street previous week after December’s non-farm payrolls statement gave a mixed outlook of the economy.
U.S. stocks closed lower on Friday, pulling benchmarks back into the red for the year, as the December jobs report topped expectations but hourly earnings declined. Figures from the Labor Department showed the U.S. economy added 252,000 to payrolls last month, after generating an unexpectedly strong 353,000 jobs in November. The unemployment rate, meanwhile, dropped to 5.6 percent.
The Dow Jones Industrial Average ended down 1 percent, while the S&P 500 shed 0.8 percent. The tech-heavy Nasdaq declined 0.9 percent.

Tags: Asian stocksDecember's nonfarm payrolls statementHong Kong gainsU.S. Stockswall Street

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