Fri, 16 Aug 2013 12:02:09 GMT
Asian shares drop on positive U.S. jobs data
Asian shares retreated as investors choose safer assets after an surprising decline in U.S. unemployment data fueled boosted concerns that the Fed will start tapering following month. The MSCI Asia Pacific Index slipped 0.4% to 134.37 at the close; however, the equity-benchmark advanced 0.4% weekly. China's Shanghai Composite slid 0.6%, while Hong Kong's Hang Seng Index dropped 0.1%.