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Asian shares up after Wall Street boosted as Japan’s Nikkei 225 rallies

Asian Shares

Asian shares rose on Friday after robust U.S. private jobs data boosted Wall Street equities to record highs, with technology companies driving advances.

Japan’s Nikkei 225 Index climbed 1.8% to 20,219.53, rising above 20,000 for the first time since December 2015, while the Nikkei Asia300 Index of more than 300 regional companies outside of Japan rose 0.4%. Samsung Electronics advanced 2.5% in Seoul; while Taiwan Semiconductor Manufacturing Co. and Hong Kong-listed Tencent Holdings added 0.5% each after the technology-heavy Nasdaq Composite hit all-time highs.

Data released overnight showed U.S. private employers added more jobs in May than analysts were expecting and a private survey of factory activity expanded. Investors await a more closely-followed U.S. labour market report later Friday.

Paul

The author Paul