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Stocks in Asia are narrowly mixed in thin trade

On Thursday, Asian stocks were narrowly mixed in thin trade , out for a public holiday as well as caution ruling ahead of nonfarm payrolls news in American on Friday and the November 8 vote next week to cap a bitter American presidential election.

The S&P/ASX 200 sagged 0.06%, while the Shanghai Composite managed to acquire 0.04%.

Overnight, American shares tumbled after the close on Wednesday, because losses in the Utilities, Telecoms as well as Oil & Gas sectors pushed stocks lower.

At the close in NYSE, the Dow Jones Industrial Average lost up to 0.43%, reaching a fresh 3-months minimum, while the S&P 500 index sagged 0.65%, and the NASDAQ Composite index dipped 0.93%.

The Federal Reserve told that the case for a rate lift by the end of 2016 is still in place as it held rates intact as expected.

The news generated fresh uncertainty over Mrs. Clinton’s election prospects ahead of the upcoming November 8 vote, amid worries over the implications of a victory for Republican nominee Donald Trump.

 

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