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.
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