On Friday, Asia-Pacific indices were mixed, recouping some of the previous day’s losses.
As risk sentiment eased, a stronger US currency put pressure on riskier assets.
The United States and China are at odds again after Washington accused Beijing of human trafficking and forced labor.
Asian stocks recovered some of their losses from the previous day. As the critical US Nonfarm Payroll report is awaited, investors are avoiding risky assets.
Outside of Japan, MSCI’s broadest index of Asia-Pacific stocks fell 0.77 percent.
Amid rising tensions between China and the United States and its allies, the Shanghai Composite Index fell 1.5 percent to a nearly two-week low. According to recent events, China has a government policy of human trafficking and forced labor through the widespread arbitrary arrest of more than one million Uyghurs and other Muslims in Xinjiang, according to a report released by the US State Department.
The gloomy economic report issued the day before also dampens the mood. In June, the Caixin Purchasing Managers Index (PMI) was 51.3, which was lower than expected.
The Kospi increased by 0.10 percent, while the S&P ASX200 increased by 0.5 percent.
With the market reopening today after a holiday, Hong Kong’s Hang Seng index fell 1.4 percent.
The Nikkei 225 in Japan gained 0.34 percent, while the Topix gained 0.76 percent.
On rising anticipation that the Fed will raise interest rates sooner than expected, the US Dollar Index (DXY) is at 92.55, its highest level since April 5./n
