Asia stocks up following Wall Street’s lead

australiastocksShares in Asia took their lead on Monday from Wall Street where shares eventually closed higher after disappointing US job numbers were released.

The weaker jobs numbers added fuel to the debate over when the Federal Reserve is likely to hike rates.

The benchmark Nikkei 225 index was up 1.59% at 18,004.62 in early trade.

Investor sentiment was up amid talk that the Bank of Japan may introduce further economic stimulus measures.

Australia’s S&P/ASX 200 benchmark was up 1.76% at 5,141.00, but analysts said considering the October long weekend holiday across much of the country on Monday that trading would likely be quite limited.

South Korea’s Kopsi index was up 0.86 in early trade at 1,986.55 following Wall Street’s lead.

Investors will be keen to see how trading progresses in Hong Kong today after the Hang Seng index closed up more than 3% on Friday.

Mainland Chinese markets are closed for the National Golden Week holidays until 8 October.

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