Asian stock markets rose today (June 9th) following stronger first quarter growth in Japan and positive sentiment from solid hiring in the US.
Japan's Nikkei 225 index was up 0.3 per cent at 15,124.00 after the government reported that the economy grew an annualised 6.7 per cent in January-March thanks to strong private investment.
Hong Kong was 0.6 per cent higher while Shanghai was flat, edging up 0.55 points to 2,030.50. Seoul eased 0.27 per cent, or 5.44 points, to 1,990.04 and Sydney was closed for a public holiday.
"Results are certainly stronger than expected," IG strategist Evan Lucas told AP.
News on Friday that US employers added 217,000 jobs during May seems to have also positively affected Asian trading.
Economists welcomed the solid report, which marked the fourth straight month that more than 200,000 jobs had been created.
Learn about the Asian markets and CFD trading at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.