Asian shares dipped on Thursday after lower crude oil prices dented Wall Street, as markets waited to see if US employment data could put the Federal Reserve on track to hike interest rates. Crude oil futures steadied after skidding on data showing a large surprise weekly build in US crude and distillate stockpiles and a smaller-than-expected drawdown in gasoline.
"This is setting up to be another difficult session for Asia-Pacific markets," Angus Nicholson, market analyst at IG in Melbourne, wrote in a note. "The ASX in particular looks in for a rough day after commodities took a battering overnight." MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Australia's S&P/ASX 200 index was down 0.2 percent.
Investors awaited China's official manufacturing Purchasing Managers' Index (PMI) as well as a private gauge later this session. Manufacturing sector likely shrank for a second straight month in August but at a marginal pace, a Reuters poll showed, suggesting the economy is steadying even as the government vows to cut more industrial overcapacity.
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"This is setting up to be another difficult session for Asia-Pacific markets," Angus Nicholson, market analyst at IG in Melbourne, wrote in a note. "The ASX in particular looks in for a rough day after commodities took a battering overnight." MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Australia's S&P/ASX 200 index was down 0.2 percent. 
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