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Asia Markets: All quiet in Asian markets ahead of U.S. jobs report

Asia-Pacific stock markets were relatively quiet Friday as investors awaited the April jobs report out of the U.S.

Benchmarks in Australia XJO, -0.51% , New Zealand NZ50GR, +0.17% and Hong Kong HSI, -0.35% didn’t move much in early trading.

“I don’t think much will happen” ahead of the jobs report, said Tareck Horchani, head of Asia-Pacific sales trading at Saxo Markets.

He added that equities “could see a short-term bounce” if U.S. job growth comes in weak, as that would likely cool concerns about an accelerated pace of Federal reserve rate rises.

South Korea’s benchmark was lagging as index giant Samsung 005930, -1.70% had its first trading action after undergoing a 50-for-1 stock split.

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