HONG KONG: Asian markets mostly rose yesterday, buoyed by another record close on Wall Street in response to an impressive US jobs report, an upward revision of Japanese economic growth and healthy Chinese export figures.
The euro ticked up as the upbeat outlook provided enough confidence for traders to look into higher yielding, higher risk assets.
Tokyo rose 0.31 per cent, or 46.76 points, to 15,124.00 — a three-month high.
Shanghai was flat, edging up 0.55 points to 2,030.50, but Seoul eased 0.27 per cent, or 5.44 points, to 1,990.04.
Sydney was closed for a public holiday.
US shares continued their recent run of records last Friday after the Labor Department said the world’s biggest economy added a net 217,000 jobs in May, in line with expectations.
Economists cheered the solid report, which marked the fourth straight month that more than 200,000 jobs had been created.
q Jakarta closed down 1.06 per cent, or 52.09 points, at 4,885.08. Carmaker Astra International rose 0.35 per cent to 7,225 rupiah, while state miner Aneka Tambang fell 2.97 per cent to 1,145 rupiah.
q Bangkok lost 0.05 per cent, or 0.72 points, to 1,457.30. Central Plaza Hotel added 4.48 per cent to 35.00 baht, while telecoms company True Corporation gained 2.76 per cent to 7.45 baht.
q Mumbai rose 0.72 per cent, or 183.75 points, to end at 25,580.21 points. Unitech surged 17 per cent to 37.85 rupees and Grasim Industries gained 11.53 per cent to 3,699.90 rupees.
q Taipei rose 0.31 per cent, or 28.28 points, to 9,162.74. Taiwan Semiconductor Manufacturing Co was 0.41 per cent higher at T$123.0 while leading chip design house MediaTek added 1.80 per cent to T$509.0.
q Wellington was flat, nudging up 4.91 points, to 5,187.35. Chorus gained 0.58 per cent to NZ$1.72, Fletcher Building was off 0.44 per cent at NZ$9.15 and Air New Zealand was steady at NZ$2.21.
q Manila closed 0.59 per cent higher, adding 40.11 points, to 6,802.73. Ayala Corp rose 0.71 per cent at 640 pesos and its property arm put on 0.32 per cent at 30.90 pesos. AFP
