Asian markets higher after Wall St rises on better US data

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Most Asian stock markets rose Thursday after Wall Street gained on surveys showing better U.S. jobs and manufacturing conditions than expected.

Tokyo, Sydney and Southeast Asia advanced while Shanghai declined. Hong Kong recovered from early losses and was unchanged at midday.

The Kospi in Seoul rose 0.1% to 2,149.10 and India's Sensex dropped 0.5% to 33,928.54. New Zealand, Singapore, Jakarta and Bangkok advanced. Stocks have been climbing since late March, at first on relief after the Federal Reserve and Congress promised massive amounts of aid for the economy. More recently, the driving force has been optimism that growth can resume as states across the country and nations around the world lift restrictions on businesses intended to slow the spread of the outbreak.

 

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