Tag: ASIAN SHARES
Strong American economic data, including Thursday's report showing an increase in durable goods sales in June, has investors fearing a less dovish Federal Reserve announcement.
Oil prices extended last week's gains after Iran seized a British tanker in the Gulf, fuelling fresh concerns about supplies and a possible conflict in the tinderbox Middle East.
Hong Kong, Shanghai and Tokyo are down, while Singapore, Taipei, Manila and Jakarta face losses with Seoul off 0.9% as South Korea's trade stand-off with Japan drags on.
There are still doubts whether talks between US President Donald Trump and Chinese President Xi Jinping will produce progress on trade tensions.
Investors are now focused on the US employment report later in the day for further cues about the health of the world's largest economy.
American-Chinese tensions have cost both countries much financially.