Buoyed by stronger-than-expected US jobs data, all the Asian equity indices, barring Japanese Nikkei, are trading in fine fettle in Thursday’s morning deals. Sentiment improved after US jobless claims fell to 343,000 in the week ended June 29 from a revised 348,000 in the prior week. Now, investors focused on the US monthly jobs data due later on Friday. On regional turf, Hong Kong’s Hang Seng index rebounded from two days of decline, rising 1 per cent. While, gains in China remained capped amid concerns about the country’s economic outlook, after reports this week showed slowing expansion in the country’s manufacturing and non-manufacturing sectors. However, the Japanese market was underperforming its peers as the yen moved back above the 100 mark against the dollar overnight.
Shanghai Composite rose 19.22 points or 0.96% to 2,013.49, Hang Seng surged 353.88 points or 1.76% to 20,501.19, Jakarta Composite increased 48.12 points or 1.05% to 4,625.27, KLSE Composite jumped 3.15 points or 0.18% to 1,772.36, Straits Times soared 28.37 points or 0.91% to 3,157.86, KOSPI Composite added 7.80 points or 0.43% to 1,832.46 and Taiwan Weighted was up by 3.38 points or 0.04% to 7,914.80.
On the flip side, Nikkei 225 was down by 23.14 points or 0.16% to 14,032.42.
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