Asian shares rise after US jobs report

Published: August 06, 2018 12:04:28 | Updated: August 10, 2018 10:35:24


File Photo (Collected)

Asian share markets were mostly higher Monday, despite a new Chinese threat of tariff hikes on US goods, after Washington reported solid employment numbers.

Japan’s Nikkei 225 added 9 points to 22,533.81 and Hong Kong’s Hang Seng advanced 0.7 per cent to 27,870.07. The Shanghai Composite Index lost 1.0 per cent to 2,713.58.

Seoul’s Kospi added 0.2 per cent to 2,292.96. Sydney S&P-ASX 200 gained 0.5 per cent to 6,266.00 and India’s Sensex was 0.5 per cent higher at 37,788.60.

Benchmarks in Taiwan and New Zealand and Southeast Asia gained while Bangkok and Manila declined, reports AP.

The Standard & Poor’s 500 index rose 0.5 per cent to 2,840.35. The Dow Jones Industrial Average gained 0.5 per cent to 25,462.58. The Nasdaq composite rose 0.1 per cent to 7,812.01.

Benchmark US crude gained 25 cents to $68.74 per barrel in electronic trading on the New York Mercantile Exchange. The contract sank 47 cents on Friday to close at $68.49.

Brent crude, used to price international oils, rose 20 cents to $73.41 in London. It lost 24 cents the previous session to $73.21.

The dollar declined to 111.33 yen from Friday’s 111.26 yen. The euro edged down to $1.1563 from $1.1569.

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