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Asia Stocks Flat as Investors Fret Over Global Economy

Asian batch markets were small altered Monday in skinny holiday trade as investors fretted about a tellurian mercantile slack after information showed U.S. employers combined fewer jobs final month.

KEEPING SCORE: Japan’s benchmark Nikkei 225 rose 0.1 percent to 16,827.97 while Australia’s SP/ASX 200 was prosaic during 4,975.00. Thailand’s SET combined 0.1 percent to 1,307.56. India’s Sensex was small altered during 24,622.50. Markets were sealed in China, Hong Kong, Taiwan, South Korea, Singapore, Indonesia, Malaysia and a Philippines for Lunar New Year holidays. New Zealand’s batch marketplace was sealed for a inhabitant holiday.

US DATA: With most of Asia in holiday mode, courtesy focused on a troublesome U.S. practice total for Jan expelled on Friday. U.S. employers combined 151,000 jobs final month, a pointy deceleration from new months as companies strew education, travel and proxy workers. That was next economists’ forecasts of 185,000 new jobs, according to a consult of analysts by financial information provider FactSet. The practice news lends weight to a box for a Federal Reserve to check seductiveness rate hikes, that is a certain for batch markets, though also adds to signs of debility in vital economies.

THE QUOTE: “There seems small doubt that we have reached a pivotal connection for a world’s financial markets and if difficulty wasn’t during heat representation dual weeks ago afterwards things are even worse now,” pronounced Chris Weston, arch marketplace strategist during IG in Melbourne, Australia. “All eyes will be on Janet Yellen’s semi-annual testimony to Congress this week and there will be most concentration on her prophesy around a impact tighter financial conditions have had on economics.”

WALL STREET: The Dow Jones industrial normal fell 211.61 points, or 1.3 percent, to finish Friday during 16,204.97. The Standard Poor’s 500 index mislaid 35.40 points, or 1.9 percent, to 1,880.05 and a Nasdaq combination forsaken 146.41 points, or 3.3 percent, to 4,363.14.

ENERGY: Benchmark U.S. wanton inched was adult 10 cents to $30.99 a tub in electronic trade on a New York Mercantile Exchange. The futures agreement fell 83 cents to $30.89 a tub on Friday. Brent crude, a benchmark for general oils, was adult 8 cents to $34.14 a tub in London.

CURRENCIES: The dollar rose to 117.24 yen from 116.82 yen on Friday. The euro fell to $1.1132 from $1.1160.

Article source: http://abcnews.go.com/Business/wireStory/asia-stocks-flat-investors-fret-global-economy-36781584