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Overnight Markets: Wall Street down ahead of US employment report

by Himanshu Singh on Jun 04, 2014 at 03:28

The MSCI Asia Pacific Index (MXAP) slid 0.2% to 143 as of 12:29 p.m. in Hong Kong. Japan’s Topix index gained 0.3%. Australia’s S&P/ASX 200 Index slipped 0.3% as a report showed gross domestic product rose 1.1% from the previous quarter, beating economist forecasts. New Zealand’s NZX 50 Index was little changed. South Korea’s market is closed for a holiday.

Hong Kong’s Hang Seng Index lost 0.6%. Taiwan’s Taiex Index added 0.1% and Singapore’s Straits Times Index declined 0.4%.

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How is regulation feeding the outsourcing trend?

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