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Asia trades mixed ahead of US jobs report, Chinese markets lag

7/2/2021 5:41:05 AM GMT
Asia Market Update: Asia trades mixed ahead of US jobs report, Chinese markets lag; AU and NZ gov t bond yields decline.
General trend
- US equity FUTs trade mixed ahead of data; 10-yr UST yield declines.
- Shanghai Composite opened lower and continued to drop during morning session [Healthcare, Financials and Consumer indices drop over 2%].
- Hang Seng opened slightly higher (+0.1%) following holiday, the index later dropped by over 1.5% [TECH index drops over 3%; Property and Financial firms also trade generally weaker].
- Nikkei has seen modest rise after opening flat;
Fast Retailing to report Jun sales after the market close. ....

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