Asian stocks rose after surprising U.S. Jobs data

Asian stocks rose on Monday, following the jump in U.S. shares after robust U.S. jobs data, although gains were capped by concerns about China’s economic slowdown due to the prolonged U.S.-China trade war.

The mainland Chinese markets finished today’s session higher. The Shanghai Composite rose by 0.08 percent to settle at 2914.47 supported by gains in Technology and Basic Materials sectors.

Furthermore, Hong Kong’s main index Hang Seng was little changed on Monday and finished the session at 26494.73.

South Korea's main index (Kospi) rose by 0.33 percent on Monday and settled at 2088.65, helped by the improvement in the Energy and Technology sectors.

 

Japanese Stock Market:

Japanese stocks edged higher on Monday, as the primary index NIKKEI 225 rose by 0.33 percent to end the session at 23430.70, boosted by the significant gains in Energy and Basic Materials sectors.

In stock news, Idemitsu Kosan Co Ltd was the best performer in today’s trading session as its stock rose by 4.19 percent, while Advantest Corp was the worst performer and finished the session lower by 2.95 percent.

In the Forex pace, the Japanese Yen strengthened against the Greenback and traded at 108.487 at 10:00 GMT.

 

Australian Stock Market:

Australia’s S&P/ASX200 index rose on Monday and finished the session at 6730.00, supported by the gains in Energy, Basic Materials, and Utilities sectors.

In stock news, Beach Energy Ltd was the best performer of the session as the share jumped 5.22 percent. On the other hand, Mcmillan Shakespeare Ltd was the worst performer after its stock fell by 7.46 percent.

In the Forex space, the Aussie fell against its U.S. counterpart and traded at 0.68221 at 10:00 GMT.

 

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