Asian Indices Finished Lower, Shanghai Composite Down 2.55%

Asian indices finished lower as investors digest a stronger than expected jobs report from USA which cut back expectations for a July interest rate cut by the Fed.  The Hang Seng finished 1.62 percent lower at 28,311, the Shanghai composite slipped 2.55 percent to 2,933 and the Singapore Straits Times index finished 1.05 percent lower at 3,330. ASX 200 in Australia ended 0.49 percent higher at 6718, recording gains for fourth straight day. ASX trades at fresh 11.5year high. ANZ Job Ads for June increased 4.6% to 159,717 in June but is still down 9.1% over the year. In Japan the main benchmark, Nikkei 225 finished 0.98 percent lower at 21,534. Bank Of Japan Governor, Kuroda, assured the Bank will maintain easing for as long as needed to hit stable 2% inflation.

In Asian forex markets USDJPY trading 0.08 percent lower at 108.35, the Aussie dollar continues lower against greenback at 0.6993 while Kiwi also trades lower at 0.6655 versus USD.Don’t miss a beat! Follow us on Twitter.