Asian stocks make widespread revenues

On Monday, stocks in Asia traded mostly higher, as weaker-than-expected American jobs data eased worries regarding an imminent rate interest soar by the Fed.

The Nikkei Stock Average soared 1.3%, the Hang Seng Index edged up 1.4%, Australian S&P/ASX 200 ascended 0.9%, while Korean Kospi grasped 0.9%.

In August, the US added up to 151,000 jobs, a number unlikely to be sturdy enough for the Fed to move towards lifting interest rates in September.

Higher interest rates in American raise the likelihood of foreign capital pulling out of emerging markets.

A return to stability in global markets after Brexit vote could sway the US major financial institution towards making a move on rates later in 2016.

It feels like Fed officials are eager to lift rates when the EU is calm and global markets are steady.

In Japan, stocks were also boosted by robust labor data published on Monday that demonstrated cash wages soaring for the second straight month in July, because of a soar in special bonus payments.

Scroll to top