Asian shares advance following upbeat US jobs report
Asian shares advanced on Friday following a Wall Street rally driven by strong jobs data.
The jobs data and improved global indicators are boosting sentiment, along with positive reports on potential vaccines and treatments for the coronavirus that has infected more than 10.8 million people and killed over 520,000, according to data from Johns Hopkins University that experts say understates the tally due to issues with testing and asymptomatic cases.
- Tokyo’s Nikkei 225 index picked up 0.3% to 22,211.89.
- the Shanghai Composite index jumped 1% to 3,121.74.
- In South Korea, the Kospi gained 0.4% to 2,142.74.
- Australia’s S&P/ASX 200 rose 0.1% to 6,037.60.
- India’s Sensex added 0.5% to 36,009,96.
- hares also rose in Taiwan and Southeast Asia.
- In other trading, benchmark U.S. crude oil for August delivery slipped 45 cents to $40.20 per barrel in electronic trading on the New York Mercantile Exchange.
- It rose 83 cents Thursday to settle at $40.65 a barrel. Brent crude oil for September delivery dropped 47 cents to $42.67 a barrel.
- The yield on the 10-year Treasury note was steady at 0.67%. It tends to move with investors’ expectations for the economy and inflation.
- In currency dealings, the U.S. dollar rose to 107.52 Japanese yen from 107.50 yen.
- The euro slipped to $1.1234 from $1.1236.