Asian stocks were poised for their fourth-straight weekly fall on Friday, with the regional index drifting in an aimless morning session as the civil unrest in Hong Kong and caution ahead of a closely-watched U.S. jobs report kept investors on edge.
Already disappointed by the European Central Bank, which gave no new hints of an imminent sovereign bond buying program, markets were further underwhelmed by a survey showing growth in China’s services sector eased last month.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.06 percent, on track for a fourth straight week of declines. It has fallen more than 8 percent in the last four weeks, marking its worst performance in over a year.
Reuters
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