Asian Stock Market outlook september 5 2011

Indonesia stock info - Asian Stock Market outlook september 5 2011 ; Asian markets slipped in nervous trade on Friday ahead of the release of key jobs data from the United States, with profit-taking adding to downward pressure after a four-day rally.

Tokyo ended 1.21 percent, or 110.06 points, lower at 8,950.74 and Seoul shed 0.69 percent, or 12.95 points, to 1,867.75 while Sydney dived 1.50 percent, or 64.6 points, to 4,242.9.

Hong Kong closed 1.81 percent, or 372.42 points, lower at 20,212.91 while Shanghai lost 1.09 percent, or 27.76 points, to end at 2,528.28.

Most Asian markets had risen over the past four days after US Fed chief Ben Bernanke suggested that the bank would kick off a fresh round of monetary easing in the near future.

The Japanese market was largely unaffected by Japan's new cabinet lineup, including the appointment of relative unknown Jun Azumi as new finance minister Read Japanese Stock Market Outlook September 5 2011

A report from payrolls firm ADP on Wednesday said the US private sector created 91,000 jobs in August, falling short of expectations. And on Thursday data showed initial jobless claims had fallen 12,000 in the week ending August 27, but remained stubbornly high at 409,000.

Manufacturing in Asia and the eurozone was unable to provide much support.


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