Stocks stumble on growth fears with US jobs data eyed

SINGAPORE - Asian shares and U.S. Treasury yields slid while the Swiss franc and Japanese yen rose on safety bids on Friday after weaker-than-expected U.S. factory data sparked fears of a worsening economic outlook.

Geopolitical tensions also weighed on sentiment, after the Israeli military said on Thursday that the head of Hamas' military wing, Mohammed Deif, was killed in an Israeli airstrike in Gaza last month, a day after the group's political leader Ismail Haniyeh was killed in Tehran. The yen was last 0.15% higher at 149.13 per dollar, hovering near an over four-month high, and was eyeing a 3% gain for the week. Gains in the Japanese currency were further exacerbated by safety flows on Friday.

"With the market firmly moving to a mantra that bad news is bad news for risky assets and sentiment, where swaps are pricing an element of more emergency cuts, poor U.S. job numbers will not be digested well at all."

Nederland Laatste Nieuws, Nederland Headlines

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