(Bloomberg) — Asian stocks looked set to drop on Monday after U.S. shares declined following a lackluster employment report on Friday.Futures on South Korean and Australian shares retreated, and Japanese markets are closed for a holiday. The S&P 500 dropped from record levels on Friday after the latest jobs report delivered mixed signals on the strength of the economy, with payrolls missing estimates and wage growth the weakest in more than a year. Treasury yields fell that day as the wage data erased inflation worries.Geopolitics remained on the radar over the weekend, with Iran admitting it downed a Ukrainian jet …read more
Source:: Yahoo Finance
