Hong Kong and Japan shares higher on the back of Wall Street lead

<p>Asian markets were stronger today with the Hang Seng and Nikkei both up 1% and 0.3% respectively. In Hong Kong, stocks rose driving the benchmark […]</p>

Asian markets were stronger today with the Hang Seng and Nikkei both up 1% and 0.3% respectively.

In Hong Kong, stocks rose driving the benchmark index to its highest level in more than 10 weeks after a report showed US jobs grew faster than estimated.

Li & Fung, the biggest supplier to retailers including Wal-Mart stores rose 3.6%. Yue Yuen Industrial Holdings which makes shoes for Nike gained 1.6%.

Minmetals Resources Ltd, the Hong Kong unit of China’s largest metals trader, rose as much as 2.4% on a bid for Perth based Equinox Minerals.

In Japan, Canon Inc., which receives 28% of its revenue from the Americas, gained 1.1%.

Inpex Corp, Japan’s largest oil explorer rose 0.8% after crude prices increased for a third day. Mitsubishi Estate Co, the country’s biggest developer by market value lost 1.7% after Credit Suisse Group lowered its rating on Japan’s real estate industry.

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