Asian equity markets suffered another day of losses yesterday on the back of a dismal non-farm payrolls report that showed the US economy failed to add any new jobs last month.
The report reignited concerns about a recession and sent the Dow Jones index 2.2% lower on Friday. And here in Asia, most markets lost between 1.5% and 3% yesterday Korea led the decliners with a 4.4% drop, while Indonesia was the only market in the black with a 0.6% gain.
But September traditionally means a pickup in primary market activity in the region and this year is no different, even if the backdrop does look shaky...
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