Red lanterns are hung up on the street in Wan Chai, Hong Kong.
(Photo by Zhang Wei/China News Service via Getty Images)Markets in Asia-Pacific marked a second day of declines after Wall Street sold off on stronger-than-expected U.S. jobs data, leaving room for more rate hikes ahead by the Federal Reserve.
Private sector jobs surged by 497,000 for the month, much better than the 220,000 Dow Jones consensus estimate.
The data also followed minutes of the Federal Reserve's June meeting, released Wednesday, which showed that most officials would support more rate increases ahead.
In South Korea, the Kospi slid 0.51% as Samsung Electronics estimated a 96% likely plunge in its second quarter operating profit.
Persons:
Zhang Wei
Organizations:
China News Service, Getty, Federal Reserve, Companies, Dow Jones, Nikkei, Samsung Electronics
Locations:
Wan Chai, Hong Kong, Asia, Pacific, South Korea, Australia