Asian shares rise on US rally, jobs data signaling low rates
TOKYO (AP) — Asian shares mostly rose Monday, cheered by a rally on Wall Street as a grim jobs report signaled to investors that interest rates will likely stay low.
Japan’s Nikkei 225 rose 0.6% in afternoon trading to 29,518.34. Australia’s S&P/ASX 200 jumped 1.3% to 7,172.80. South Korea’s Kospi added 1.7% to 3,252.01. Hong Kong’s Hang Seng edged down 0.3% to 28,527.52, while the Shanghai Composite fell nearly 0.1% to 3,416.19.
The regional gains are coming despite a recent surge in coronavirus infections in Asia.