Asian Stocks Follow Wall Street’s Surge: Unemployment Data Fuels Market Optimism

full version at en.coinotag

Before you reading,
Don't miss coins like PEPE again! Click here to find new PEPEs!

Asian shares saw a rise on Monday after Wall Street ended last week with the stock market’s best day in over two months, backed by cooler-than-expected U.S. employment data.
The Japanese yen weakened slightly after its value swung from a low of 160.25 to the U.S. dollar to 151.86 late last week following suspected government intervention.
Markets reopened after a weeklong holiday with the Hang Seng in Hong Kong losing 0.2% to 18,447.12 while the Shanghai Composite index rose 0.9% to 3,133.92.

Asian markets rally following Wall Street’s best day in over two months, supported by cooler U.S. employment data and government intervention in Japan.

Asian Shares Rise Following Wall Street’s Rally

Asian shares were mostly higher on Monday, following Wall Street’s best day in over two months. This rally was backed by the cooler-than-expected U.S. employment data. The Japanese yen weakened slightly after its value swung from a low of 160.25 to the U.S. dollar to 151.86 late last week, following suspected government intervention. Japanese Finance Minister Shunichi Suzuki expressed concern over rapid fluctuations hurting households and businesses.

Market Reopens After Weeklong Holiday

Markets reopened after a weeklong holiday with mixed results. The Hang Seng in Hong Kong lost 0.2% to 18,447.12 while the Shanghai Composite index rose 0.9% to 3,133.92. A private sector survey showed the country’s services sector grew at a slower pace in April due to rising costs, although new orders rose and business sentiment improved. Australia’s S&P/... Read the full article for FREE at COINOTAG!