HONG KONG: Asian markets rose yesterday, following a record close on Wall Street and as investors picked up bargains after broad losses last week.
Tokyo jumped 2.19 per cent, or 307.85 points, to 14,396.04, thanks to the pick-up in the US dollar. Sydney was up 1.02 per cent, or 55.1 points, at 5,441.4, while Seoul closed 0.68 per cent higher, adding 13.75 points to 2,048.14.
Shanghai ended flat, edging up 0.91 points to 2,133.87.
The gains follow a lacklustre performance in the region last week due to the United States' worse-than-expected jobs figures that indicate the economy is not as strong as first thought.
Traders yesterday took their cue from Wall Street, whose three main indexes posted healthy gains last Friday, thanks to upbeat corporate results.
Amazon and Microsoft announced better-than- expected earnings for the July-September quarter, while there were also solid results from Procter & Gamble and UPS.
The Dow rose 0.39 per cent, while the broad-based S&P 500 climbed 0.44 per cent to a new record last Friday. The Nasdaq tacked on 0.37 per cent.
US shares have been given some support from traders betting the Federal Reserves will delay winding down its bond-buying stimulus for some time.
In other markets:
* Mumbai fell 0.55 per cent, or 113.24 points, to 20,570.28 points. Private Future Retail fell 6.90 per cent to 72.20 rupees, while ITC fell 3.63 per cent to 327.65 rupees.
* Bangkok lost 0.36 per cent or 5.26 points to close at 1,449.62. Coal producer Banpu fell 0.85 percent to 29.25 baht, while Bangkok Bank rose 0.99 per cent to 205.00 baht.
* Jakarta ended up 0.21 per cent, or 9.69 points, at 4,590.54. Indah Kiat Pulp and Paper gained 0.69 per cent at 1,450 rupiah, while miner Aneka Tambang lost 1.88 per cent at 1,570 rupiah.
* Taipei finished up 0.73 per cent, or 61.21 points, at 8,407.83. Taiwan Semiconductor Manufacturing Co gained 2.34 per cent to T$109.5, while Uni-President Enterprise was 2.21 per cent higher at T$55.5.
* Manila slipped 0.67 per cent, or 43.96 points, to 6,539.81. AFP