HONG KONG: Asian markets mostly rose yesterday following a bounce on Wall Street that was fuelled by better-than-forecast US jobs data.
However, trading is tentative as US lawmakers remain unable to reach agreement over a budget just days before a deadline kicks in that could see parts of the federal government shut down.
Tokyo fell 0.26 per cent, or 39.05 points, to 14,760.07, Sydney added 0.24 per cent, or 12.6 points, to 5,307.1, while Seoul closed 0.22 per cent higher, adding 4.48 points to 2,011.80. Shanghai rose 0.20 per cent, or 4.29 points, to 2,160.03.
On Wall Street Thursday the Dow and S&P enjoyed their first rises since September 19, when they hit fresh record highs.
US investors were cheered by data from the Labour Department showing new claims for unemployment benefits sank by 5,000 to 305,000 last week, beating forecasts of a rise to 325,000.
Japanese shares had rallied on Thursday on reports the government was considering a cut to corporation tax to offset an expected hike in sales tax.
However, the Nikkei was unable to add to those gains yesterday after Finance Minister Taro Aso threw into question a timeline for any business tax cuts, which he described as a "long-term issue".
In other markets: * Wellington
added 0.36 per cent, or 17.21 points, to 4,782.68. Air New Zealand was up 3.78 per cent at NZ$1.51, Telecom rose 1.28 per cent to NZ$2.37 and Warehouse was steady at NZ$3.77.* Taipei
rose 0.56 per cent to 8,230.68. Taiwan Semiconductor Manufacturing Co rose 1.48 per cent to T$103.0 while Hon Hai was 0.66 per cent higher at T$76.3. * Manila
fell 0.43 per cent to 6,379.81. Alliance Global Group tumbled 2.15 per cent to 25 pesos while Philippine Long Distance Telephone slipped 0.88 per cent to 2,942 pesos.* Bangkok
slipped 0.51 per cent to 1,417.49. Banpu lost 3.36 per cent to 28.75 baht and PTT plc shed 0.31 per cent to 326.00 baht.* Jakarta
rose 0.40 per cent to 4,423.72. Bank Negara Indonesia gained 1.18 per cent to 4,275 rupiah, while Aneka Tambang declined 0.70 per cent to 1,420 rupiah.* Mumbai
shed 0.84 per cent to 19,727.27. United Spirits was up 6.51 per cent at 2,620.65 rupees while Wockhardt lost 4.99 per cent to close at 549.85 rupees. AFP