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Asian stocks sink as investors watch for U.S. jobs data

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Asian stock markets were mixed Friday after Wall Street rose to a record high as investors waited for U.S. jobs data for an update on how coronavirus flareups are affecting the biggest global economy.

Wall Street's benchmark S&P 500 index gained after investors were encouraged Thursday by a decline in U.S. unemployment claims. They were watching for Friday's monthly employment report for an indication of how new disease flareups and renewed anti-disease curbs might be affecting hiring and wages.

The Nikkei 225 in Tokyo added 0.3% to 27,819.20 after Japanese labor cash earnings edged lower in June for the first time in four months. India's Sensex opened up 0.1% at 54,540.97. New Zealand, Bangkok and Jakarta declined while Singapore advanced. Tech, retailing and consumer stocks rose. Banks gained as bond yields rose, giving them room to charge more for loans. Health care and materials stocks fell.

 

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