SINGAPORE — Shares in Asia-Pacific rose in Friday morning trade following gains overnight on Wall Street. Investors will also be looking ahead to the release of U.S. jobs data for May.
In Japan, the Nikkei 225 gained 1.23% as shares of Fast Retailing soared close to 4%. The Topix index gained 0.73%.
The Kospi in South Korea edged 0.79% higher, while Australia’s S&P/ASX 200 climbed 0.67%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.52% higher.
Overnight on Wall Street, the three major indexes stateside snapped two-day losing streaks. The S&P 500 jumped 1.84% to 4,176.82. The Dow Jones Industrial Average climbed 435.05 points, or 1.33%, to 33,248.28. The tech-heavy Nasdaq Composite surged 2.69% to 12,316.90.
U.S. jobs data for May is set to be out at 8:30 p.m. HK/SIN on Friday. Economists surveyed by Dow Jones see 328,000 jobs added in May, a 100,000 decline from April.
OPEC+ hikes output
Source: CNBC