Asian markets fall on weak US data figures
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Asian markets have slumped on Monday on the back of weak US jobs data.
In Japan, the Nikkei 225 was down 1.4 per cent at close, while the Hong Kong Hang Seng and the Australian Sydney ASX index were down 1.9 and 0.9 per cent respectively.
Figures from America’s Labor Department on Friday revealed that employment grew by just 80,000 in June, which is below analysts’ expectations of 100,000. This left the unemployment rate unchanged at 8.2 per cent.
Markets were also pushed lower by a set of weak economic figures from Japan, while China reported that its inflation rate slowed to 2.2 per cent in June.
European markets have also recorded losses in early trades.
At 10.35am, the FTSE 100 was down 0.5 per cent to stand at 5635.42. The French Cac 40 and the German Dax were also down 0.7 and 0.3 per cent respectively.
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