Asian market ended mostly higher on Monday amid a weaker-than-expected US monthly jobs report calmed investor concerns about inflation and potential tightening of monetary policies by central banks. Reports showed that non-farm payroll employment jumped by 559,000 jobs in May after climbing by an upwardly revised 278,000 jobs in April, but was slightly worse than street’ expectations of about 650,000 employment gains. While, the unemployment rate fell to 5.8 percent in May from 6.1 percent in April. Chinese shares rose, even as disappointing Chinese trade data weighed on market sentiments. Chinese trade data showed that China’s exports grew 27.9 percent in May compared to the previous year and imports grew 51.1 percent last month, but both missed expectations.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,599.54 | 7.70 | 0.21 |
Hang Seng | 28,787.28 | -130.82 | -0.45 |
Jakarta Composite | 6,069.94 | 4.77 | 0.08 |
KLSE Composite | - | - | - |
Nikkei 225 | 29,019.24 | 77.72 | 0.27 |
Straits Times | 3,175.81 | 24.77 | 0.79 |
KOSPI Composite | 3,252.12 | 12.04 | 0.37 |
Taiwan Weighted | 17,083.91 | -63.50 | -0.37 |