HONG KONG: Asian markets were mixed in cautious trading yesterday as investors awaited the release of delayed United States September jobs data.
The dollar edged up against the yen, returning to its upward trend after this month's Washington standoff over the debt ceiling and budget had sent investors running to the Japanese unit.
Tokyo rose 0.13 per cent, or 19.68 points, to 14,713.25 thanks to the weakening yen, while Sydney climbed 0.40 per cent, or 21.3 points, to 5,373.1. Seoul added 0.15 per cent, or 3.11 points, to end at 2,056.12.
However, Shanghai fell 0.83 per cent, or 18.59 points, to end at 2,210.65
"Market participation levels are likely to remain low until data can help confirm the state of the US economic recovery," said Hiroichi Nishi, general manager of equities at SMBC Nikko Securities.
With last week's global rally - fuelled by the US deal to reopen the government after 16 days and avert a devastating default - out of the way, attention has turned back to economic numbers, with the non-farm payrolls figures in focus.
However, Kathy Lien, managing director at BK Asset Management, said there would likely be a cautious reaction to a strong report because it predates the shutdown, which likely depressed hiring.
In other markets:* Wellington
rose 0.61 per cent, or 29.23 points, to 4,831.79. Fletcher Building was up 1.37 per cent at NZ$9.64 and Air New Zealand added 1.92 per cent to NZ$1.59. * Bangkok
added 0.61 per cent, or 8.82 points, to 1,457.36. Oil company PTT gained 0.31 per cent to 321.00 baht, while coal producer Banpu jumped 0.85 per cent to 29.75 baht.* Mumbai
fell 0.14 per cent, or 28.92 points, to 20,864.97 points. Private pharma firm Wockhardt fell 4.29 per cent to 458.2 rupees, while aluminium producer Hindalco depreciated by 1.56 per cent to close at 116.4 rupees. * Manila
ended flat, edging up 6.04 points to 6,603.60. Ayala Land fell 0.15 per cent to 30.60 pesos and its parent Ayala Corp shed 0.57 per cent to 612 pesos. * Jakarta
ended down 1.43 per cent, or 65.44 points, at 4,512.74. State miner Aneka Tambang fell 1.26 per cent to 1,570 rupiah, while Bank Permata jumped 2.14 per cent to 1,430 rupiah. AFP