Currency dealers monitor exchange rates in a trading room at the KEB Hana Bank in Seoul on May 9, 2019.
Jung Yeon-je | AFP | Getty Images
SINGAPORE — Asia-Pacific markets traded mixed Friday, with some indexes shedding gains, ahead of the U.S. jobs report due later in the day that might provide some indication on what the Fed could do next.
Japan's Nikkei 225 gave up most of its gains to close 0.09% higher at 29,357.82 while the Topix index added 0.29% to 1,933.05.
In South Korea, the Kospi advanced 0.58% to 3,197.20 while in Australia, the benchmark ASX 200 gained 0.27% to 7,080.80 as major banks and miners rose.
Taiwan's Taiex added 1.71% to 17,285 but Hong Kong's Hang Seng Index gave up earlier gains to close down 0.09% at 28,610.65.
In Singapore, the Straits Times Index added 0.91% in late-afternoon trade. Shares of Singapore Press Holdings, publisher of the city-state's daily broadsheet the Straits Times, tumbled 14.53%.
SPH, which also has a real estate business, said Thursday it will spin off its troubled media business into a not-for-profit entity.
Chinese mainland shares were unable to hold on to earlier gains: The Shanghai composite closed down 0.65% at 3,418.87 while the Shenzhen component lost 1.95% to 13,933.81.
Friday's session followed overnight moves on Wall Street where major U.S. indexes advanced following a better-than-expected reading on jobless claims.
"There was limited movement in equity markets overnight, as relatively strong economic data were offset by news the Biden administration is likely to keep some Trump-era limits on US investments in some Chinese companies," ANZ analysts wrote in a morning note.
Investors will be looking ahead to the U.S. nonfarm payroll count for April due Friday — economists expect as many as 1 million payrolls were added last month and the unemployment rate likely fell from 6% to 5.8%.
As one of the most influential economic reports in global financial markets, the April jobs numbers will carry more importance as it may indicate what the U.S. Federal Reserve may do next. The U.S. central bank has pledged to keep its zero rates policy and other easing measures in place until it believes the labor market is strong and inflation is hotter.
The U.S. dollar fell 0.14% to 90.827 against a basket of its peers, falling from a level above 91.200 in the previous session.
Elsewhere, the Japanese yen changed hands at 109.14 per dollar as it stayed relatively rangebound this week. The Australian dollar traded down 0.12% at $0.7770.
Oil prices wavered Thursday during Asian trading hours. U.S. crude futures traded down 0.06% at $64.67 per barrel while global benchmark Brent was little changed at $68.10. Overnight, prices fell more than 1%.
ANZ analysts said that the uneven recovery from the coronavirus pandemic is causing the market to reflect on the outlook.
"While demand in major markets such as Europe and North American are recovering strongly, a new wave of Covid-19 cases is raising concerns about demand in Asia," they wrote, adding, "This is likely to keep a lid on prices until there is more clarity around the impact new restrictions in countries like India is having on demand."
— CNBC's Thomas Franck contributed to this report.
Asia-Pacific Eyewear Market Report, published by Allied Market Research, forecasts that the APAC market is expected to garner $40 billion by 2020, registering a CAGR of 13.5% during the period 2015-2020. In 2014, China held the highest revenue share, accounting for 39.3% of the total Asia Pacific eyewear market revenue.Download Sample copy of the report: https://www.alliedmarketresearch.com/request-sample/1144
The product type segment of the Asia-Pacific eyewear market is categorized into prescription glasses, sunglasses and contact lenses. In 2014, the prescription glasses segment dominated the Asia-Pacific eyewear market followed by sunglasses, which constituted 28.5% market share, owing to rising adoption of premium and international eyewear brands. However, growing usage of cosmetics and prescribed contact lenses is fuelling the growth of contact lenses segment in Asia-Pacific.
Cosmetic lenses have experienced a high demand among consumers as they are instrumental in augmenting the overall aesthetic appearance and appeal of an individual. The contact lenses segment is expected to grow at the fastest CAGR during the forecast period.
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KEY FINDINGS OF ASIA-PACIFIC EYEWEAR MARKET:The Asia-Pacific eyewear market is anticipated to demonstrate a notable growth during the projected period (2015 – 2020) owing to rising disposable income and ageing populationAmong the different product types, contact lenses segment is expected to observe the highest CAGR of 19.6% during the forecast period
The retail segment would dominate the revenue share in mode of sale segment during 2015-2020China was the highest revenue-producing region, accounting for 39.3% share of the total revenue in 2014Manufacturers covered in this report are:
Luxottica Group S.p.AEssilor International S.ASafilo Group S.p.AGrandVisionMarcolin S.p.AJohnson & Johnson, Inc.Valeant Pharmaceuticals International, Inc.Prada S.p.AHoya CorporationCarl Zeiss AG
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Important Features that are under Offering and Key Highlights of the Reports:– Detailed overview of Asia-Pacific Eyewear Market .– Changing market dynamics of the Asia-Pacific Eyewear Market Industry.– In-depth segmentation of Asia-Pacific Eyewear Market By Type, Application etc.– Historical, current and projected market size in terms of volume and value.– Recent industry trends and developments.– Competitive landscape of Asia-Pacific Eyewear Market .– Strategies of key players and product offerings.– Potential and niche segments/regions exhibiting promising growth.
David Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesUSA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1(855)email@example.comWeb: https://www.alliedmarketresearch.comFollow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Asia Pacific Cold Chain Logistics MarketAccording to a recent report published by Allied Market Research, titled, Cold Chain Logistics Market by Business Type, End-use Industry, Product, and Technology: Asia-Pacific Opportunity Analysis and Industry Forecast, 2020–2027,”
The Asia-Pacific cold chain logistics market was valued at $68.32 billion in 2019, and is projected to reach $133.97 billion by 2027, registering a CAGR of 11.7%.
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https://www.alliedmarketresearch.com/asia-pacific-cold-chain-logistics-marketChina dominates the market in terms of revenue, followed by Japan, India, and Indonesia. Vietnam is expected to grow at a significant rate during the forecast period due to increase in number of trade agreements and rise in trend of consuming frozen foods with the requirements of hygiene and safety standards. Monitoring, storage, and transportation are important factors of the cold chain to prevent degradation in the quality of shipments. Cold chain logistics refers to the freezing solutions required to maintain the quality and shelf life of products. China and India are leading consumers of cold chain logistics services, and are expected to maintain this trend during the forecast period.
The growth of the Asia-Pacific cold chain logistics market is majorly attributed to increase in number of refrigerated warehouses and development of the pharmaceutical sector in the Asia-Pacific region. Business expansion, acquisition, partnership, and product development are the key strategies adopted by major players operating in the Asia-Pacific cold chain logistics market. Availability of RFID technologies for cold chain applications and adoption of automated software for cold chain logistics are expected to offer remunerative opportunities for the expansion of the Asia-Pacific cold chain logistics market during the forecast period.
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Transportation activities have been restricted and limited to essential goods & services transport almost for the first two quarters of 2020. Cold chain logistics service providers have witnessed significant downfall in demand. The pandemic affected almost every dimension of economic activity and individuals globally. As a consequence of the coronavirus outbreak, important supply cold chains in the logistics and transportation industry are hampered, though differently across the air, freight, and sea sectors. In addition, logistics firms, which are involved in the movement, storage, and flow of goods, have been directly affected by the COVID-19 pandemic.
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Key Findings Of The Study
By business type, the cold chain transport segment is expected to register significant growth during the forecast period.
On the basis of end-use industry, the meat, fish, & sea food segment is projected to lead the market, in terms of market share, by the end of the forecast period.
Depending on product, the air conditioning segment is expected to register significant CAGR during the forecast period.
On the basis of technology, the Air Blown segment is projected to lead the market, in terms of market share, by the end of the forecast period.
China dominated the market in 2019, and is expected to maintain its dominance by the end of the forecast period. ASEAN countries are growth frontiers in the Asia-Pacific market, owing to changing food industry outlook in respective countries and changing trade scenarios.
The key players profiled in the report are AIT Worldwide Logistics, Inc., CJ Rokin Logistics, CWT Pte. Limited, JWD InfoLogistics Public Company Limited, Nichirei Logistics Group Inc., OOCL Logistics Limited, SCG Logistics Management Company Limited, SF Express, United Parcel Service, and X2 Logistics Networks.
Contact:David Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesUSA/Canada (Toll Free):+1-800-792-5285, +1-503-894-6022, +1-503-446-1141UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1(855)firstname.lastname@example.orgWeb: www.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.