CAPITAL PARAMOUNT ASIAN MARKET UPDATE

Asian markets were trading higher on Monday following a rally in US equities Friday on jobs data. At 9:12 hours IST, Hong Kong's Hang Seng rose 0.58 percent to 21,700.19.

 

Japan's Nikkei 225 Average gained 387.69 points or 3.01 percent to 13,265.22 and Singapore's Straits Times Index advanced 25.78 points or 0.81 percent to 3,210.50.

South Korea's Kospi Composite Index was up 8.67 points or 0.45 percent at 1,932.52 and Taiwan Weighted rose by 93.03 points or 1.15 percent to 8,188.23.

The US Labor Department's data showed job gains of 175,000 in May, slightly above the economists' forecast, while the US unemployment rate increased to 7.6 percent last month from 7.5 percent in April.

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