Stock market today: Asian shares are mostly higher as China begins major economic meeting

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Shares were mostly higher in Asia on Monday as China’s leaders began a major meeting expected to bring fresh pledges of help for the world’s second-largest economy.U.S. benchmark crude oil gained $1.27 to $70.76 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, picked up $1.30 to $74.70 a barrel.

Hong Kong's Hang Seng gained 0.1% to 20,540.44, while the Shanghai Composite index was up 0.3% at 3,281,76.The S&P 500 rose 0.4% to 5,728.80, recovering some of its loss from the day before, its worst in eight weeks. The Dow Jones Industrial Average added 0.7% to 42,052.19, while the Nasdaq composite gained 0.8% to 18,239.92.

Treasury yields pushed higher after a highly anticipated report said U.S. employers added only 12,000 workers to their payrolls last month, far short of the 115,000 in hiring that economists were expecting or the 223,00 jobs that employers created in September. The two-year Treasury yield, which closely tracks expectations for the Fed’s actions, initially fell following the jobs report but then climbed to 4.20% from 4.18% late Thursday.

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