06 Feb '12, 3am

Asian markets rise on strong US jobs data: HONG KONG: Asian shares rose Monday, tracking gains on Wa... #realestate

HONG KONG: Asian shares rose Monday, tracking gains on Wall Street after strong US jobs data but worries about Greece's unresolved debt crisis -- and default fears -- weighed on markets and the euro. Tokyo was up 1.05 percent, Sydney climbed 1.07 percent while Seoul gained 0.27 percent in morning trade. Hong Kong added 0.48 percent as Shanghai inched 0.11 percent higher. Financial markets in Kuala Lumpur and Wellington were closed on Monday for a public holiday. Investors cheered the latest batch of US economic data, which hinted that the world's biggest economy was staging a lasting recovery as the Dow Jones Industrial Average climbed to pre-financial crisis levels on Friday. The Labor Department figures showed that the US economy added 243,000 new jobs in January, while the unemployment rate fell to 8.3 percent from 8.5 percent in December -- the lowest rate since Februa...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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