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Asia’s benchmark stock index swung between gains and losses amid low trading volume, leaving the regional gauge on course for a second week of gains as investors await data on U.S. jobs growth. The government’s nonfarm payrolls data due today will show that hiring increased last month by the most since November, economist estimates compiled by Bloomberg show. U.S. employers probably added 200,000 people to nonfarm payrolls last month, according to the median of 90 economist estimates compiled by Bloomberg, the most since a 274,000 increase in November and up from the 175,000 workers added in February.
Nikkei 225 15,063.77 -8.11 -0.05%
S&P/ASX 200 5,422.8 +12.91 +0.24%
Shanghai Composite 2,058.83 +15.13 +0.74%
Tencent has lost 17 percent since March 6, after a 1,266 percent surge during the previous five years sent its price-to-earnings ratio to a six-year high.
LG Innotek Co. climbed 5.8 percent to 109,500 won in Seoul, a three-year high, as Samsung Securities Co. lifted its price-estimate on shares of the phone-parts maker by 27 percent.
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