U.S. Jobs Report Pushes Asia Markets Down; Adani Saga Continues

Asian markets fell on Friday following the release of the U.S. jobs report, which showed that the economy was still growing and that there was room for more interest rate hikes. The report was seen as a sign that the U.S. Federal Reserve would continue to raise rates, which could have a negative impact on Asian markets.

In addition, investors were also keeping an eye on the ongoing saga surrounding India’s Adani Group. The conglomerate has been embroiled in a series of controversies, including allegations of corruption and environmental violations. The group has denied all the allegations, but the controversy has weighed on investor sentiment.

The situation in India has been further complicated by the recent resignation of the country’s finance minister, Arun Jaitley, who had been a key figure in the government’s efforts to attract foreign investment.

Overall, investors were cautious as they awaited further news on the Adani saga and the fallout from the U.S. jobs report.