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Asia stocks follow Wall Street higher | |
(about 1 hour later) | |
Markets 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 delaying the timing of 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. | 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. | Investor sentiment was boosted by talk that the Bank of Japan could introduce further economic stimulus measures. |
Hong Kong's Hang Seng index finished up 1.6% to 21,854.50 as mainland Chinese markets remained closed for the Golden Week holiday. | |
Casino shares rose for the second consecutive day on the expectation of better tourist arrivals in the gambling hub Macau during the Chinese holiday. | |
Shares of Galaxy Entertainment were up by more than 5%, while Sands China rose by more than 3%. | |
Glencore shares listed in Hong Kong were up as much as 72% at one point on reports the commodities trader was looking to sell its agricultural business. | |
However, Glencore issued a statement saying it was "not aware of any reasons for these price and volume movements". Its shares closed up nearly 18%. | |
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. | 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. |