Hong Kong, Tokyo Stocks Surge On US Jobs Report

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2018-03-12 HKT 09:57

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  • A good US jobs report, coupled with reduced fears of rising interest rates, boosted the Hong Kong market. File photo: RTHK

    A good US jobs report, coupled with reduced fears of rising interest rates, boosted the Hong Kong market. File photo: RTHK

Hong Kong shares rallied on Monday morning, extending gains posted at the end of last week following a forecast-beating US jobs report.

The Hang Seng Index rose 1.5 percent, to 31,469 by the break.

On the mainland, the Shanghai Composite Index rose 0.5 percent, to 3,324, while the Shenzhen Composite Index, was up 0.8 percent, to 1,900.

Most other Asian markets extended last week's rally. Tokyo ending the morning session 1.7 percent higher and Seoul put on 1 percent.

Sydney rose 0.7 percent, helped by news Australia had won an exemption from Trump's tariffs, Singapore piled on 1.5 percent and Taipei added more than 1 percent.

There were also healthy gains in Wellington, Manila and Jakarta. (AFP)

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Last updated: 2018-03-12 HKT 12:20

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