adminsaw a rally at the start of the year subside in the final few weeks.
Tokyo slipped 0,16 percent by the break, Hong Kong was 0,63 percent off, Sydney gained 0,48 percent, Shanghai added 0,35 percent and Seoul climbed 0,13 percent.
Wall Street again provided an unenthusiastic lead. New claims for unemployment benefit hit a four-year low but the rate of decline was slower than anticipated, according to analysts.
Traders also took little notice of confirmation that the world’s biggest economy grew 3,0 percent in the October-December quarter.
The Dow closed 0,15 percent higher, the S&P 500 lost 0,16 percent and the tech-heavy Nasdaq gave up 0,31 percent.
Japan was unable to provide any perk after announcing an unexpected 1,2 percent fall in February industrial production, against forecasts for a 1,3 percent rise.
The fall comes after Tokyo said the weak economy was showing signs of picking up after industrial production in January rose by a revised 1,9 percent.
The results out of Washington and Tokyo are the latest to pour cold water on a recent spurt of optimism over the global economy that had been fuelled by rising US jobs growth and an easing of Europe’s debt crisis.
“Worries about global growth have been steadily increasing with the lengthening patch of softer data,” Barclays Capital said in a note.
“Financial markets are starting to price in concerns about a slowdown in China,” it added, referring to a spate of figures from Beijing that show slumping exports and contracting manufacturing activity in the Asian giant.
Increased concerns have led investors back to the safe haven of the yen in the past two weeks, helping it claw back some of its recent losses.
The dollar was at 82,01 yen in Tokyo from 82,42 late Thursday in New York, where the greenback briefly dropped to 81,90. The US unit had flirted with the 84-yen level earlier in the month after Japan announced fresh monetary easing.
The euro bought 109,47 yen, compared with 109,64 yen in New York, well down from the 111,00 yen seen last week. The euro was also at US$1,3349 compared with US$1,3301.
On oil markets New York’s main contract, West Texas Intermediate for delivery in May, gained 63 cents to US$103,41 per barrel while Brent North Sea crude for May was up 35 cents at US$122,74.
Gold was at US$1 660,85 an ounce at 0350 GMT, compared with US$1 656,60 late on Thursday. — AFP.
Online Reporter