Asian shares traded down on Thursday after stronger-than-expected employment data by payroll firm ADP signaled robust jobs growth in the U.S.
The Nikkei lost 0.3%, after a sharp 2.2% decline Wednesday. Australia''s S&P/ASX 200 dropped 0.6%, South Korea''s Kospi fell 0.1%, and Singapore''s Straits Times index fell 0.8%.
In China, Hong Kong''s Hang Seng Index lost 0.3% and the Shanghai Composite rose 0.1%.
The Fed''s USD85 billion in monthly bond purchases could see a tapering, which has generally made shre markets weaker as it points to tighter liquidity at some point in the coming year.
At the close of U.S. trading, the Dow Jones Industrial Average finished the day down 0.16%, the S&P 500 index fell 0.13%, while the Nasdaq Composite index rose 0.02%.
Payroll processing firm ADP reported earlier that non-farm private employment rose by a seasonally adjusted 215,000 in November, blowing past expectations for an increase of 173,000.
November''s figure was revised up to a gain of 184,000 from a previously reported increase of 130,000.
Separately, the Institute of Supply Management said its non-manufacturing purchasing managers'' index declined to 53.9 in November from a 55.4 in October.
Analysts were expecting the index to ease down to 55.0 last month.
In addition, the U.S. Census Bureau said new home sales rose by 25.4% to a seasonally adjusted 444,000 units in November, beating expectations for an increase to 428,000 and hitting a four-month high
A separate report showed that the U.S. trade deficit narrowed to a seasonally adjusted USD40.6 billion in October from a USD43.0 billion deficit in September, whose figure was revised from a previously reported deficit of USD41.8 billion.
Analysts had expected the U.S. trade deficit to narrow to USD40 billion in October.
After the close of European trade, the EURO STOXX 50 fell 0.66%, France''s CAC 40 fell 0.57%, while Germany''s DAX 30 fell 0.90%. Meanwhile, in the U.K. the FTSE 100 finished down 0.34%.
On Thursday, the U.S. is to publish a revised estimate of third-quarter gross domestic product, while the Labor Department is to release its weekly report on initial jobless claims. The U.S. is also to publish data on factory
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