Asian shares were mostly lower in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy.
A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy.
Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the coronavirus pandemic. U.S. shares have been rising as investors also waited for Congress and the White House toAsian benchmarks appeared to be still steeped in worries about the growing number of coronavirus cases in some areas, and the painful impact of lockdowns, especially in Southeast Asia.
Toyota Motor Corp. shares gained nearly 2% in morning trading after Japan’s top automaker reported that it managed to stay in the black in April-June, despite plunging sales. Nintendo Co. stock also climbed, gaining 2.3%, after the Japanese video-game maker reported healthy profits as people stuck at home snatched up game software.
last week. It would have been an astounding number before the coronavirus pandemic leveled the economy. But it’s a slight slowdown from the prior week’s tally, and it was also not as bad as economists were expecting.
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