Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economy

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Asian stocks have advanced after U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve

Specialist John O'Hara works at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 7, 2024. In Tokyo, the Nikkei 225 index was up 1.6% at 35,380.23. The yen again fell under pressure after three days of rising against the dollar, giving a lift to Japanese stocks that often rise when the yen falls.

On early Friday trading, the U.S. dollar rose to 147.15 Japanese yen from 147.24 yen. The euro cost $1.0924, up from $1.0918. The Hang Seng in Hong Kong added 1.9% to 17,211.26 and the Shanghai Composite index edged 0.2% higher to 2,876.51. Elsewhere, Taiwan’s Taiex gained 3.4%, with chip maker Taiwan Semiconductor Manufacturing Co. gaining 3.6%, tracking Big Tech stocks' rally on Wall Street. The SET in Bangkok was up 0.5%.

 

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