Asian Markets Begin Trading Week on High Note

Global markets are riding high Monday thanks to a boost from last week’s better-than-expected U.S. unemployment numbers.

The Nikkei index in Tokyo closed 1.3% higher, while Mumbai’s Sensex index was up 1.4% in late afternoon trading. Hong Kong’s Hang Seng index was slightly higher at 0.1%, with the Shanghai Composite up 0.3% and Taiwan’s TSEC index 1.1% higher.  Seoul’s KOSPI index was in negative territory but essentially unchanged, while Sydney’s S&P/ASX index was closed for a public holiday.

Oil markets are also surging Monday, with U.S. crude selling at $39.17 per barrel, up 0.4%, and the international standard, Brent crude, selling at $42.59 per barrel, up 0.6%

All U.S. stock exchanges are trending upward in futures trading.

 

Source: Voice of America