We have updated our privacy policy and terms & conditions. Find out more here.

Asia stocks plunge on U.S. jobs data; Nikkei down 2.05%

Stock MarketsJun 04, 2012 02:20AM GMT Add a Comment
Share with a Friend
Thanks for sharing
Emails have been sent to:
To send more emails click here
Investing.com - Asian stocks fell on Monday on the heels of Friday's dismal U.S. May jobs report, which showed the world's largest economy added a scant 69,000 net nonfarm payrolls, far less than expected and sparking global growth concerns.

During Asian trading on Monday, Hong Kong's Hang Seng Index was down 2.23%, Australia's S&P/ASX200 was down 1.84%, while Japan’s Nikkei 225 Index was down 2.05%.

In the U.S. on Friday, the U.S. Bureau of Labor Statistics reported the economy added only 69,000 jobs, far less than expectations for a gain of 150,000.

The numbers sparked concerns the global economy may be experiencing a more significant slowdown than a soft patch.

Weaker-than-expected manufacturing and service-sector data out of China pushed Asian stocks down as well.

Meanwhile in Europe, Germany reportedly continued to balk at the idea of eurozone countries issuing one bond to shore up debt-ridden countries like Greece.

Greece, meanwhile, is set to hold elections on June 17 and polls haven't indicated a frontrunner political party, which further fueled safe-haven dollar demand.

In Hong Kong, top decliners included China Unicom, down 4.98%, HKEx, down 4.36%, and China Life, down 4.24%.

In Australia, top decliners included art Energy, down 12.20%, Aquarius Platinum, down 10.58%, and Karoon Gas Australia, down 9.14%.

European stock futures indicated a lower opening.

France's CAC 40 futures pointed to a loss of 1.27%, while Germany's DAX 30 futures also signaled a loss of 1.00%. Meanwhile, in the U.K., the FTSE 100 futures indicated a loss of 0.89%.

Dow Jones Industrial Average futures were down 0.78% while the S&P 500 futures were down 0.73%.

Later Monday, the U.S. is to produce official data on factory orders, a leading indicator of production.

Asia stocks plunge on U.S. jobs data; Nikkei down 2.05%

Related Articles

Mexico stocks lower at close of trade; IPC down 0.45%
Mexico stocks lower at close of trade; IPC down 0.45%
By Investing.com - Mar 31, 2015

Investing.com – Mexico stocks were lower after the close on Tuesday, as losses in the Telecoms Services, Financial Services and Materials sectors led shares lower. At the close in...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

UK 100
Are you sure you want to delete this chart?
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?

Successfully Reported

Thank you. This comment has been flagged for a moderator.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.