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Asian markets end mostly higher on US jobs data

06 Feb 2012 Evaluate

Sentiments remained jubilant in Asian region and most of the indices snapped the session in the positive terrain on Monday, tracking gains on Wall Street after strong US jobs data but worries about Greece’s unresolved debt crisis capped the gains. A strong US jobs report for January sent Wall Street soaring on Friday as investors celebrated a surge that pointed to new vitality in a fragile recovery for the world's biggest economy. Meanwhile, Hong Kong shares snapped a two-session winning streak on Monday, falling back from early gains after benchmark indexes met chart resistance as investors took profit on some of last week's outperformers. While, mainland markets were mostly flat, with the Shanghai Composite Index closing up 0.03 percent at 2,331.14 after meeting downward trend line resistance at about 2,340-2,360.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,331.14

0.73

0.03

Hang Seng

20,709.94

-47.04

-0.23

Jakarta Composite

3,974.79

-41.16

-1.02

Nikkei 225

8,929.20

97.27

1.10

Straits Times

2,940.10

22.15

0.76

Seoul Composite

1,973.13

0.79

0.04

Taiwan Weighted

7,687.98

-53.26

-0.69

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