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Asia stocks up following Wall Street's lead | Asia stocks up following Wall Street's lead |
(about 1 hour later) | |
Shares in Asia took their lead on Monday from Wall Street where shares eventually closed higher after disappointing US job numbers were released. | Shares in Asia took their lead on Monday from Wall Street where shares eventually closed higher after disappointing US job numbers were released. |
The weaker jobs numbers added fuel to the debate over when the Federal Reserve is likely to hike rates. | The weaker jobs numbers added fuel to the debate over when the Federal Reserve is likely to hike rates. |
The benchmark Nikkei 225 index was up 1.59% at 18,004.62 in early trade. | The benchmark Nikkei 225 index was up 1.59% at 18,004.62 in early trade. |
Investor sentiment was up amid talk that the Bank of Japan may introduce further economic stimulus measures. | Investor sentiment was up amid talk that the Bank of Japan may introduce further economic stimulus measures. |
Investors will be keen to see how trading progresses in Hong Kong on Monday after the Hang Seng index closed higher on Friday by more than 3%. | |
In early trade the benchmark was up 1.98% at 21,930.97. | |
Australia's S&P/ASX 200 benchmark was up 1.76% at 5,141.00, but analysts said considering the October long weekend holiday across much of the country on Monday that trading would likely be quite limited. | Australia's S&P/ASX 200 benchmark was up 1.76% at 5,141.00, but analysts said considering the October long weekend holiday across much of the country on Monday that trading would likely be quite limited. |
South Korea's Kopsi index was up 0.86 in early trade at 1,986.55 following Wall Street's lead. | South Korea's Kopsi index was up 0.86 in early trade at 1,986.55 following Wall Street's lead. |
Mainland Chinese markets are closed for the National Golden Week holidays until 8 October. | Mainland Chinese markets are closed for the National Golden Week holidays until 8 October. |