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- Oil extends gains, jobs report lifts Wall Street
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- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
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- Milan's Morata moves house after Inter-fan town mayor 'violates' privacy
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- Oil prices jump, stocks fall on Middle East tensions
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- Oil prices rise, stocks fall on Middle East tensions
- Oil rallies, stocks mostly retreat on Middle East tensions
- Phasing out teen smoking could save 1.2 mn lives: study
- 'Welcome relief': Asia producers hail EU deforestation law delay
- Japan PM slated to announce plans for 'happiness index'
- Turkish inflation falls less than expected in September at 49.4%
- Easing inflation lifts profit at UK supermarket Tesco
- Skiing calls on UN climate science to combat melting future
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- Tokyo rallies on weak yen, Hong Kong drops after surge
- Dutch airline KLM unveils 'firm' cost-cutting measures
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- Climate change, economics muddy West's drive to curb Chinese EVs
- Argentina's Milei vetoes university budget after huge protests
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- 2024 Nobels offer glimmer of hope as global crises mount
- Tokyo rallies on weak yen, Hong Kong reverses after surge
- Tunisia readies for vote as incumbent Saied eyes victory
- High childcare costs in US weigh on women's employment
- US voters seek help with crushing childcare costs
- Taiwan shuts down for second day as Typhoon Krathon to land
- Supercharged storms: how climate change amplifies cyclones
- Biden official urges talks as US port strike enters second day
- Huge protests in Argentina over public university cuts
- Rally in oil prices loses steam on mixed day for global stocks
- South America treated to rare 'ring of fire' eclipse
- Biden official says port strike deal not as far as parties think
Asian markets mixed as focus turns to inflation data
Asian equities were mixed Tuesday as investors await US inflation data later in the week, after a jobs report suggested the Federal Reserve would likely need to continue its sharp interest rate hikes to tame runaway prices.
A rally across global markets from June lows appears to have hit the buffers after Friday's forecast-busting employment reading showed the world's top economy remained resilient but meant more monetary tightening was on the cards.
There had been a hope that recent weak data -- including one showing the economy contracted for two straight quarters -- would allow the bank to take its foot off the pedal in lifting borrowing costs, and possibly begin cutting in 2023.
Now, investors are on edge ahead of Wednesday's figures, with some observers warning that an above-estimate reading on inflation, which is already at a four-decade high, could spur another sharp market sell-off.
There is a growing expectation that central bank interest rate hikes will go too far and tip the global economy into recession.
Saira Malik, at investment manager Nuveen, told Bloomberg Television said the losses could kick in when investors realise "the Fed is not going to pivot on interest-rate hikes in early 2023, inflation should remain pretty persistent and rate hikes should continue".
Wall Street provided a glum lead as tech firms took a hit following a disappointing earnings report from chip giant Nvidia caused by lower-than-expected gaming income.
"Nvidia is one of those companies that does things right and has the majority of analysts backing their stock," said OANDA's Edward Moya, adding that its "warning is reminding traders of how severe the macro impacts might be on tech for the rest of the year".
In early exchanges, Asian equities fluctuated.
Tokyo, Hong Kong, Seoul, Taipei and Manila were in the red, while Shanghai, Sydney, Wellington and Jakarta edged up.
Oil prices edged down and remain around six-month lows as recession fears mount and traders fret over the impact on demand. They are also keeping tabs on Iran nuclear talks after the European Union submitted a "final text" at talks to salvage a 2015 deal.
An agreement could open the way for Tehran to resume sales of crude on international markets, partly helping to plug a hole left by the ban of Russian exports following its invasion of Ukraine.
However, Moya added that "it seems unlikely a breakthrough will happen anytime soon. Tehran seems like they are willing to negotiate, but an imminent decision to agree to the EU's proposal seems unlikely".
- Key figures at around 0230 GMT -
Tokyo - Nikkei 225: DOWN 0.9 percent at 28,009.35 (break)
Hong Kong - Hang Seng Index: DOWN 0.4 percent at 19,976.74
Shanghai - Composite: UP 0.3 percent at 3,245.31
Euro/dollar: DOWN at $1.0192 from $1.0194 Monday
Pound/dollar: DOWN at $1.2077 from $1.2079
Euro/pound: UP at 84.39 pence from 84.35 pence
Dollar/yen: DOWN at 134.78 yen from 134.98 yen
West Texas Intermediate: DOWN 0.6 percent at $90.23 per barrel
Brent North Sea crude: DOWN 0.5 percent at $96.13 per barrel
New York - Dow: UP 0.1 percent at 32,832.54 (close)
London - FTSE 100: UP 0.6 percent at 7,482.37 (close)
P.Gonzales--CPN