HONG KONG: Asian markets mostly rose yesterday, with sentiment buoyed by last week’s deal in Washington to avert a default as well as a record close on Wall Street.
The yen slipped against the dollar and euro in afternoon trading after data showed Japan logged a record 15th consecutive monthly trade deficit.
Tokyo rose 0.91 per cent, or 132.03 points, to 14,693.57; Seoul was flat, edging up 0.61 points to 2,053.01; and Sydney advanced 0.57 per cent, or 30.3 points, to 5,351.8. Shanghai jumped 1.62 per cent, or 35.46 points, to 2,229.24.
With the United States shutdown and default crisis out of the way for the time being, investors are now eyeing the delayed release of US non-farm payrolls data today.
The figures, delayed because of the shutdown, will give investors a better idea of the state of the US economy and could have a bearing on when the Federal Reserve winds down its stimulus However, there was some good news in the data, which showed exports rose 11.5 per cent, helped by a surge in shipments to China as relations thaw despite a territorial dispute with Beijing.
In other markets:
Bangkok lost 2.44 per cent, or 36.18 points, to 1,448.54. Airports of Thailand dropped 5.07 per cent to 206 baht, while telecoms company True Corporation fell 6.60 per cent to 9.20 baht.
Jakarta gained 0.70 per cent, or 31.61 points, to 4,578.18. Retailer Hero Supermarket jumped 9.09 percent to 3,900 rupiah, while Indah Kiat Pulp & Paper fell 1.36 per cent to 1,450 rupiah.Manila fell 0.16 per cent down, or 10.27 points, to 6,597.56. Metropolitan Bank and Trust fell 2.8 per cent to 89.40 pesos and Ayala Land dropped 0.77 per cent to 2,834 pesos.
Mumbai edged up 0.05 percent, or 11.0 points, to 20,893.89. Private Federal Bank jumped 9.88 per cent to 78.40 rupees while engineering giant Larsen and Toubro rose 6.5 per cent to 925.15 rupees.Taipei dropped 0.26 per cent, or 21.87 points, to 8,419.32. MediaTek fell 0.89 per cent to T$391.5 while TSMC was unchanged at T$110.
Wellington added 0.92 per cent, or 43.97 points, to 4,802.56. Telecoms firm Chorus climbed two per cent to NZ$2.50, Fletcher Building rose 0.1 per cent to NZ$9.51 and Telecom was steady at NZ$2.28. AFP