Asian shares slip on South Korea risk, dollar on guard ahead of payrolls

Asian stocks slipped on Friday on political ructions in South Korea, while dollar bulls waited anxiously to see if U.S. payrolls challenged or cemented expectations of a rate cut this month. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3% in part due to a 1.7% drop in South Korea’s KOSPI. The Korean won fell 0.8% to 1,425.42 per dollar, tumbling towards the low of 1,443.4 hit on Tuesday after President Yoon Suk Yeol declared martial law in the country.Read More