Asian stocks pulled higher by Wall Street jobs rally but China caution prevails

Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong U.S. jobs data although regional gains were capped by concerns about China’s economy due to the prolonged Sino-U.S. trade war. Japan’s benchmark Nikkei advanced 0.3% while MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3%, with Australian stocks and South Korea’s Kospi up 0.2% and 0.6%, respectively. The modest Asian gains compared with Wall Street, which rose to near record highs on Friday on a strong jobs report and some sign of optimism about U.S.-China trade talks, with …read more

Source:: Yahoo Finance

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