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Asia stocks up following Wall Street's lead | Asia stocks up following Wall Street's lead |
(about 5 hours later) | |
Shares in Asia took their lead from Wall Street's performance on Friday where shares closed higher after the release of weak US job numbers. | |
The disappointing jobs figures are seen as pushing back the moment when the US Federal Reserve is likely to raise interest rates. | |
In Japan, the benchmark Nikkei 225 index closed up 1.6% at 18,005.49. | |
Investor sentiment was boosted by talk that the Bank of Japan could introduce further economic stimulus measures. | |
In Hong Kong, the benchmark Hang Seng index was 1.68% higher in afternoon trade at 21,797.56 as investor sentiment continued to grow amid speculation the Fed would delay an interest rate hike. | |
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. |
Australia's S&P/ASX 200 benchmark closed up 1.95% at 5,150.5, while in South Korea the Kopsi index closed up 0.37% at 1,977.16. |