Asian Shares Mixed As Traders Reassess Rate Path
Asian stocks ended mixed on Thursday as a stronger-than-expected U.S. jobs report spurred optimism about the world's largest but dented hopes for Federal Reserve rate cuts in the near term. Precious metals dipped, with gold falling half a percent to trade below $5,060 an ounce as the U.S. dollar strengthened after the release of solid jobs data. Oil prices were slightly higher in Asian trade amid simmering tensions between the United States and Iran.China's Shanghai Composite index finished marginally high ...