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On Friday, the Asian equity markets had a mixed session. The\u00a0Hang Seng Index<\/a>\u00a0and ASX 200 made further gains, while the Nikkei ended the session in negative territory.<\/p>\n US jobless claims figures on Thursday failed to spook investors despite an increase of just 2k to 207k. US 10-year Treasury yields initially spiked in response to the numbers before easing back. The retreat in yields limited the losses across the US equity markets<\/a> as investors awaited the US Jobs Report.<\/p>\n<\/div>\n<\/div>\n On Thursday, the NASDAQ<\/a> Composite and the S&P 500<\/a> fell by 0.12% and 0.13%, with the Dow<\/a> declining by 0.03%.<\/p>\n The overnight moves across the US equity markets kickstarted a cautious start to the Friday session. Investors were likely mindful of the implications of the US Jobs Report on the Fed rate path and its impact on the markets.<\/p>\n Household spending figures from Japan and sentiment toward Bank of Japan policy goals weighed on the Nikkei. On Thursday, there was speculation of a possible tweak<\/a> to the Bank of Japan\u2019s (BoJ) Yield Curve Control Policy and forward guidance.<\/p>\n Household spending surged by 3.9% in August, reversing a 2.7% slide from July. Economists forecast household spending to increase by 0.9%.<\/p>\n The US Jobs Report<\/a> from Friday will set the tone for the Monday session. While a jump in nonfarm payrolls surprised investors, softer wage growth and a steady unemployment rate provided relief.<\/p>\n The NASDAQ Composite Index rallied 1.60%, with the S&P 500 and Dow gaining 1.18% and 0.87%, respectively.<\/p>\n While gains from the US markets will likely provide support, the Chinese markets will reopen after Golden Week. Investors may respond favorably to consumer spending reports from the week.<\/p>\n In the Futures Markets, the ASX 200 was up by 19 points and the Nikkei 225 by 310 points. However, rising geopolitical tensions may fuel a sell-off. The Dow mini was down 210 points this morning.<\/p>\n The ASX 200 rose by 0.41% on Friday. The S&P\/ASX All Technology Index (XTX<\/a>) ended the session down 0.06%. However, mining stocks and the big four banks contributed to the positive session.<\/p>\n Westpac Banking Corp (WBC) gained 2.05%, with the National Australia Bank (NAB) rising by 1.51%. The Commonwealth Bank of Australia (CBA) and ANZ Group (ANZ) ended the day up 1.07% and 0.92%, respectively.<\/p>\n Rio Tinto (RIO) and BHP Group Ltd (BHP) rose by 1.14% and 1.24%, with Fortescue Metals Group (FMG) gaining 1.35%. Newcrest Mining (NCM) slipped by 0.08%.<\/p>\n Woodside Energy Group (WDS) and Santos Ltd (STO) saw losses of 0.35% and 0.94%, respectively.<\/p>\n The Hang Seng Index rose by 1.58% on Friday. On Friday, the Hang Seng Mainland Properties Index (HSMPI) gained 1.84%, contributing to the positive session. The\u00a0news<\/a> of Sunac China receiving court approval to restructure debt obligations provided investor relief. Sunac China (HK: 1918) ended the Friday session up 10.05%.<\/p>\n Alibaba Group Holding Ltd (HK:9988) and Tencent Holdings Ltd (HK:0700) ended the session up 1.91% and 1.80%.<\/p>\n Bank stocks had a positive session. China Construction Bank (HK:0939) rallied 2.11%. HSBC Holdings PLC (HK:0005) and the Industrial and Commercial Bank of China (HK:1398) gained 1.80% and 1.67%, respectively.<\/p>\n (Graph for reference purposes only)<\/em><\/p>\n The Nikkei 225 declined by 0.26% on Friday.<\/p>\n Bank stocks struggled. Sumitomo Mitsui Financial Group (8316) and Mitsubishi UFJ Financial Group fell by 0.46% and 1.27%. The main components of the Nikkei also ended the session in negative territory.<\/p>\n Tokyo Electron Limited (8035) declined by 1.59%. Fast Retailing Co (9983) and Sony Corp. (6758) saw losses of 0.63% and 0.49%, respectively.<\/p>\n KDDI Corp. (9433) and SoftBank Group Corp. (9984) fell by 0.22% and 0.05%.<\/p>\n For upcoming economic events, check out our\u00a0economic calendar<\/a>.<\/p>\n<\/div>\n<\/div>\nThe Monday Session: US Jobs Report Reaction<\/h2>\n
ASX 200<\/h2>\n
Hang Seng Index<\/h2>\n
Nikkei 225<\/h2>\n