HSI Rises As US Job Data Lifts Asian Markets

Hong Kong stocks rallied more than 1 percent during the morning session on Monday following a better-than-expected US jobs report and on optimism for the China-US trade talks.

The Hang Seng index climbed 1.3 percent, to 27,448.

On the mainland, the Shanghai Composite Index added 0.7 per cent to 2,978 and the Shenzhen Composite Index gained 0.6 per cent to 1,646.

Tokyo was closed for a holiday. Seoul's Kospi added 1.3 percent, Sydney's S&P-ASX 200 added 0.2 percent and India's Sensex opened up 0.4 percent.

Taiwan, New Zealand and Southeast Asian markets also advanced.

Unexpectedly strong US jobs data helped reassure investors about American household spending, the main driver of the biggest global economy.

"Rolling on from the better than expected headline figure for the US jobs report, Asian markets are likely to start in decent fashion this week," said ING in a report. (AP)

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