Updated on
Summary
Most Asian stocks fell on Monday after the US economy released on Friday a worse than expected Jobs report, which drove the Asian markets to its lowest in two weeks. Meanwhile Japans market is closed today due to holiday. The MSCI Asia Pacific Excluding Japan Index declined 0.4 per cent to 475.53 as of 12:18 p.m. in Hong Kong, heading for its lowest close since Dec. 29. Two stocks fell each that advanced on the index. The gauge climbed to a two-month high on Jan. 4 as data on U.S. manufacturing and services industries boosted optimism that a recovery in the world's largest economy is strengthening.China's Shanghai Composite Index slid 0.4 per cent. South Korea's Kospi Index fell 0.7 per cent. Taiwan's Taiex Index was little changed. Japanese markets are closed for a holiday.Indonesia's Jakarta Composite Index slumped 3.5 per cent. Australia's S&P/ASX 200 Index was little changed and New Zealand's NZX 50 Index climbed 0.2 per cent.
