Asian stocks follow Wall St up after strong US jobs report

on Jun 05, 2023 05:22:AM

Asian stocks followed Wall Street higher on Monday after strong U.S. hiring data coupled with scant wage gains suggested a possible recession might be further away, but also that inflationary pressures are weakening. Tokyo’s benchmark gained almost 2%. Shanghai, Hong Kong and Seoul also rose. Wall Street’s benchmark S&P 500 index leaped 1.5% on Friday, […]