Asian shares fall as chipmakers drag; US jobs data looms
- SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.
- Oil prices hit new four-month lows, with Brent crude off 0.8 per cent to US$71 a barrel, as US President Donald Trump said talks with Iran had gone well in Qatar, and as more oil tankers transited through the Strait of Hormuz.
- On Thursday, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8 per cent, while Japan’s Nikkei also dropped 1.1 per cent, a
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- SYDNEY: Asian shares skidded on Thursday (Jul 2) as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.
- Oil prices hit new four-month lows, with Brent crude off 0.8 per cent to US$71 a barrel, as US President Donald Trump said talks with Iran had gone well in Qatar, and as more oil tankers transited through the Strait of Hormuz.
- On Thursday, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8 per cent, while Japan’s Nikkei also dropped 1.1 per cent, a
Sources: CNA