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Asian Shares Mixed Ahead Of US Jobs Data
CANBERA (dpa-AFX) - Asian stocks ended mixed on Friday even as positive Chinese data boosted optimism about the global economic outlook.
The focus was on U.S. jobs data due tonight, with economists expecting U.S. employment to jump by 978,000 jobs in April after an increase of 916,000 jobs in May. The unemployment rate is expected to dip to 5.8 percent from 6.0 percent.
China s Shanghai Composite index dropped 22.41 points, or 0.65 percent, to 3,418.87 after a Bloomberg report suggested that the Biden administration is likely to preserve limits on U.S. investments in certain Chinese companies. Hong Kong s Hang Seng index ended down 26.81 points at 28,610.65.