(MENAFN– ecpulse)
Asian stocks rose for the seventh consecutive session with the continuation of the market`s optimism concerning the U.S. jobs report which will be released tomorrow in light of the first global economic recovery that may increase the Fed chances to continue withdrawing monetary stimulus.
On the other hand, Chinese government announced some stimulus by investing 150 billion yuan in railway development in slow improving areas in China emphasizing the current weakness in the Chinese economy and its need for internal support by the government.
As for the Japanese yen, it fell to its lowest levels against the dollar in more than two months of gains for Japanese stocks.
- The MSCI Asia Pacific Index rose 0.1% to 138.94 at 3:25 in Tokyo.
- Nikkei 225 closed 0.84% higher at 15071.88.
- Topix closed 0.45% higher at 1216.77.
- Shanghai Composite closed 0.81% lower at 2042.53.
- Australia’s S&P/ASX 200 0.12% higher at 5409.89.
- New Zealand’s NZX 50 closed 0.12% higher at 5122.37.
- Kospi closed 0.18% higher at 1993.70.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.