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

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Asian Stocks

Asian stocks were higher Friday after U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment...

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.

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. On Thursday, the S&P 500 jumped 2.3% to 5,319.31, for its best day since 2022 and shaved off all but 0.5% of its loss from what was a brutal start to the week. The Dow Jones Industrial Average rose 1.8% to 39,446.49, and the Nasdaq composite climbed 2.9% to 16,660.02 as Nvidia and other Big Tech stocks helped lead the way.after a report showed fewer U.S. workers applied for unemployment benefits last week. The number was better than economists expected.

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