Asian shares slip, dragged lower by decline in tech stocks on Wall Street ...Middle East

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Asian shares slip, dragged lower by decline in tech stocks on Wall Street
source : Business Standard ( Middle East ) () 11
Asian shares mostly slipped Friday, dragged lower by a decline in technology stocks on Wall Street. Benchmarks fell in Tokyo, Seoul, Shanghai and Hong Kong but rose in Sydney. Traders are awaiting the US government's latest monthly jobs report, expected later Friday. Unemployment data announced Thursday was encouraging. But while an improved jobs market suggests the economy is gaining momentum after the pandemic, investors are keeping a close eye on signs of inflation, which especially hurts the tech sector. The benchmark S&P 500 index dropped 0.4 per cent on Thursday and is on track for a 0.3 per cent weekly loss. Japan's benchmark Nikkei 225 slipped 0.4 per cent to 28,937.79. South Korea'

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