HONG KONG: Asian markets fell yesterday, while the dollar dropped after weaker-than-expected United States jobs data raised expectations the US Federal Reserve will keep its stimulus programme in place.
The September report out of Washington showed the economy struggling to add jobs even before a two-week government shutdown this month that analysts say probably smothered hiring even more.
Tokyo tumbled 1.95 per cent, or 287.20 points, to 14,426.05 as exporters were hit by a stronger yen, while Sydney fell 0.32 per cent, or 17.0 points, to 5,356.1 and Seoul fell 0.99 per cent, or 20.37 points, to 2,035.75.
Shanghai gave up 1.25 per cent, or 27.54 points, to 2,183.11. Bangkok was closed for a public holiday.
However, emerging markets were higher on hopes for a continuation of the Fed's easy money programme, which has been credited with funding an investment splurge in developing economies.
"The limited job gain supports the view that the Fed will maintain its accommodative monetary policy stance into 2014," said Nick Bennenbroek of Wells Fargo Securities.
In other markets: * Taipei
fell 0.29 per cent, or 24.65 points, to 8,393.62. HTC fell 2.51 per cent to T$136 while Taiwan Semiconductor Manufacturing Co was 0.45 per cent lower at T$111. * Wellington
rose 0.92 per cent, or 44.61 points, to 4,876.40. Telecom added 3.52 per cent to NZ$2.36, Fletcher Building edged up 0.21 per cent to NZ$9.66 and Contact Energy was steady at NZ$5.20. * Manila
closed 0.48 per cent higher, or 31.51 points, to 6,635.11. SM Prime Holdings rose 3.09 per cent to 17.36 pesos while Philippine Long Distance Telephone Co fell 0.42 per cent to 2,856 pesos.* Jakarta
ended up 0.75 per cent, or 33.76 points, at 4,546.50. Food manufacturer Indofood Sukses Makmur rose 3.50 per cent to 7,400 rupiah, while palm oil firm Sinar Mas Agro Resources and Technology fell 8.22 per cent to 6,700 rupiah. * Mumbai
fell 0.47 per cent, or 97.09 points, to 20,767.88. IT outsourcer Wipro plunged 4.41 per cent to 492.2 rupees while property giant DLF lost 3.38 per cent to 158.65 rupees. AFP