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United States stocks opened sharply lower following the jobs report, which one leading analyst labeled “decidedly bad”.

The jobless rate held steady at 5.1 percent but average hourly wages fell by a cent from August.

People look at the exchange rate at a moneychanger displaying a poster of USA dollar bill, Chinese yuan and Malaysian ringgit in Singapore August 24, 2015.

The Nasdaq composite was little changed at 4,544. Wall Street looked set for gains, with futures for the Dow Jones industrial average and the Standard & Poor’s 500 up 0.3 percent.

The Australian dollar weakened 0.2% from its previous close, while Malaysia’s ringgit lost 0.5%.

The health care sector bounced back from a plunge a day earlier.

The Australian and New Zealand dollars fell by 0.6% and 0.3% respectively against their United States counterpart, and even more against the Japanese yen and euro.

Wall Street started the week with another round of selling, placing the market squarely in “correction” mode. This is just the latest data point out of the world’s second- biggest economy that suggests economic softening.

Investors sold even some of the year’s most resilient stocks.

The benchmark indexes Sensex and the Nifty fell around 1 percent each on Monday, with weak global cues and caution ahead of the RBI policy review weighing on sentiment. Though, the expectations are high from RBI’s governor Raghuram Rajan to cut its key repo rate to a...

Futures on the Nasdaq exchange were down 0.5 percent.

On Wall Street, stocks ended mixed on Friday after athletic shoe giant Nike posted strong first-quarter income in greater China and Federal Reserve Chair Janet Yellen reassured that the US economy is stable enough to handle turmoil in emerging markets. The Nasdaq composite lost...

A sell-off in drug manufacturers extended into a second week.

The Securities and Exchange Board of India (Sebi), which on Monday officially assumed a wider role of regulating commodities futures market, plans to liberalise commodities trading by allowing access to foreign portfolio investors (FPIs) and banks, albeit in a gradual manner....

It was a packed gathering at the Trident, Nariman Point, at an event to mark the subsuming of the commodity markets regulator, the Forward Markets Commission, with its capital markets counterpart, the Securities and Exchange Board of India (Sebi).