Most of the Asian equity benchmarks are trading higher in early deals on Monday as upbeat US jobs data as well as positive economic data from China and Japan boosted investor sentiments. On the regional front, the Japanese stock market improved on the back of strong US jobs data and encouraging Japanese GDP report for the March quarter. In the economic reports, Japan's economy grew at an annualized 6.7 percent in the January - March 2014 quarter, in inflation-adjusted terms. In the previous quarter, the economy saw a 1.6 percent growth. In the initial report released in mid May, the government had said that the economy grew an annualized 5.9 percent in the March 2014 quarter. Chinese Shanghai Composite index rose, led by financial and material companies, after official data showed the nation’s exports grew more than economists had estimated. Among other markets in the Asia-Pacific region, Hong Kong, Singapore, Malaysia and Taiwan are trading modestly higher. Shanghai and Taiwan are up slightly, while Indonesia and South Korea are marginally down.
Nikkei 225 gained 57.00 points or 0.38% to 15,134.24, Hang Seng strengthened by 163.33 points or 0.71% to 23,114.33, Straits Times climbed 2.27 points or 0.07% to 3,301.70, Shanghai Composite soared 7.73 points or 0.38% to 2,037.69.
On the flip side, KOSPI Index slipped 2.61 points or 0.13% to 1,992.87 and Jakarta Composite was down by 21.36 points or 0.43% to 4,915.81.
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