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| Japan shares rebound on US jobs data | Japan shares rebound on US jobs data |
| (about 1 hour later) | |
| Japanese shares rebounded on Monday following stronger-than-expected US payroll data for September. | Japanese shares rebounded on Monday following stronger-than-expected US payroll data for September. |
| US Labor Department figures showed 248,000 jobs were created last month and the unemployment rate dropped to a six-year low of 5.9%. | US Labor Department figures showed 248,000 jobs were created last month and the unemployment rate dropped to a six-year low of 5.9%. |
| Japan's Nikkei 225 opened 1.1% higher while the broader Topix rose 1%. | Japan's Nikkei 225 opened 1.1% higher while the broader Topix rose 1%. |
| The Japanese yen also weakened against the US dollar, which is near a four-year high on speculation the US central bank may raise interest rates earlier. | The Japanese yen also weakened against the US dollar, which is near a four-year high on speculation the US central bank may raise interest rates earlier. |
| Meanwhile, Hong Kong stocks opened flat as pro-democracy protests stretched into the second week. | Meanwhile, Hong Kong stocks opened flat as pro-democracy protests stretched into the second week. |
| The Hang Seng Index fell 0.05% or 10.77 points to 23,053.79 points. | The Hang Seng Index fell 0.05% or 10.77 points to 23,053.79 points. |
| Over in South Korea, the Kospi rose 0.3% on Monday after being closed the previous session for a public holiday. | Over in South Korea, the Kospi rose 0.3% on Monday after being closed the previous session for a public holiday. |
| Companies that do business with North Korea saw their shares jump after Pyongyang unexpectedly sent its most senior delegation ever to attend the closing of the Asian Games in Seoul. | Companies that do business with North Korea saw their shares jump after Pyongyang unexpectedly sent its most senior delegation ever to attend the closing of the Asian Games in Seoul. |
| This includes Hyundai Merchant Marine, the largest shareholder of Hyundai Asan which is a major investor in North Korea. | This includes Hyundai Merchant Marine, the largest shareholder of Hyundai Asan which is a major investor in North Korea. |
| Australian economy | |
| Australian stocks fell 0.4% after private data showed inflation cooled in September. The Australian dollar also fell to a four-year low against the US dollar. | |
| According to TD Securities and the Melbourne Institute, consumer prices rose at only 2.2% from a year ago last month, compared to a revised 2.4% reading for August. | According to TD Securities and the Melbourne Institute, consumer prices rose at only 2.2% from a year ago last month, compared to a revised 2.4% reading for August. |
| China, India and most Southeast Asian markets are closed today for a public holiday. | China, India and most Southeast Asian markets are closed today for a public holiday. |
| However, investors will be closely watching the election results in Brazil, where president Dilma Rousseff is expected to face a runoff against pro-business rival Aecio Neves on 26 Oct. | However, investors will be closely watching the election results in Brazil, where president Dilma Rousseff is expected to face a runoff against pro-business rival Aecio Neves on 26 Oct. |
| Latin America's largest economy is a major destination for foreign investment from Asia. | Latin America's largest economy is a major destination for foreign investment from Asia. |