Investing.com - Most Asian bourses were mixed Tuesday as traders await some much-anticipated employment data out of the U.S. later Tuesday.
In Asian trading Tuesday, Japan’s Nikkei 225 rose 0.18% to be one of the region’s standout performers. USD/JPY traded higher as well.
Hong Kong’s Hang Seng lost 0.46% while the Shanghai Composite fell 0.66% after data revealed home prices in China’s four largest cities rose the most since January 2011 last month. Prices in 69 of 70 metro areas rose, stoking further speculation of a Chinese housing bubble.
Domestic loans to developers jumped 50% last month from a year earlier, Bloomberg reported, citing CBEM Group, a Shanghai advisory firm. China’s central bank has taken steps to reduce the risk of a property, including loan curbs and requiring larger down payments, but the bank may need to take an even harder approach.
Australia’s S&P/ASX rose 0.4% to another five-year high ahead of what could be an eventful week for Australian stocks and the Aussie.
The September jobs report for the U.S., originally due out October 4 but delayed because of the shutdown, is due out later Tuesday. Economists expect the addition of 180,000 new jobs and for the unemployment rate to stay at 7.3%.
The recent U.S. government shutdown also delayed the release of other data, including October's employment report, now expected Nov. 8 instead of Nov. 1, according to NBC News.
New Zealand’s NZSE 50 climbed 0.73%. In U.S. economic news out Monday, the National Association of Realtors reported earlier that total existing home sales declined 1.9% to a seasonally adjusted annual rate of 5.29 million units in September from a downwardly revised 5.39 million in August, mainly due to home prices outpacing income growth. Analysts were expecting to see 5.30 million units sold.
South Korea’s Kospi fell 0.11% while Singapore’s Straits Times Index rose 0.44%. S&P 500 futures fell 0.06% a day after the benchmark U.S. index inched up 0.01%.
In Asian trading Tuesday, Japan’s Nikkei 225 rose 0.18% to be one of the region’s standout performers. USD/JPY traded higher as well.
Hong Kong’s Hang Seng lost 0.46% while the Shanghai Composite fell 0.66% after data revealed home prices in China’s four largest cities rose the most since January 2011 last month. Prices in 69 of 70 metro areas rose, stoking further speculation of a Chinese housing bubble.
Domestic loans to developers jumped 50% last month from a year earlier, Bloomberg reported, citing CBEM Group, a Shanghai advisory firm. China’s central bank has taken steps to reduce the risk of a property, including loan curbs and requiring larger down payments, but the bank may need to take an even harder approach.
Australia’s S&P/ASX rose 0.4% to another five-year high ahead of what could be an eventful week for Australian stocks and the Aussie.
The September jobs report for the U.S., originally due out October 4 but delayed because of the shutdown, is due out later Tuesday. Economists expect the addition of 180,000 new jobs and for the unemployment rate to stay at 7.3%.
The recent U.S. government shutdown also delayed the release of other data, including October's employment report, now expected Nov. 8 instead of Nov. 1, according to NBC News.
New Zealand’s NZSE 50 climbed 0.73%. In U.S. economic news out Monday, the National Association of Realtors reported earlier that total existing home sales declined 1.9% to a seasonally adjusted annual rate of 5.29 million units in September from a downwardly revised 5.39 million in August, mainly due to home prices outpacing income growth. Analysts were expecting to see 5.30 million units sold.
South Korea’s Kospi fell 0.11% while Singapore’s Straits Times Index rose 0.44%. S&P 500 futures fell 0.06% a day after the benchmark U.S. index inched up 0.01%.