Asian equity markets ended higher on Monday as strong US jobs growth data helped investors shrug off renewed concerns over an escalating US-China trade dispute. US job growth increased more than expected in June but slowing wage increases helped reduce the probability of another Fed rate hike for September. Japanese shares hit a one-week high as the yen turned broadly lower in reaction to the strong US jobs data released on Friday. Meanwhile, China’s share market bounced despite heightened trade tensions between Washington and Beijing after each imposed major tariffs on the other’s goods last week and investors nervously watched for more policy action.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,815.51 | 68.28 | 2.43 |
Hang Seng | 28,688.50 | 372.88 | 1.30 |
Jakarta Composite | 5,807.38 | 112.47 | 1.94 |
KLSE Composite | 1,673.36 | 9.50 | 0.57 |
Nikkei 225 | 22,052.18 | 264.04 | 1.20 |
Straits Times | 3,228.82 | 37.00 | 1.15 |
KOSPI Composite | 2,285.80 | 12.93 | 0.57 |
Taiwan Weighted | 10,720.28 | 111.71 | 1.04 |
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