Asian markets gain, with Toyota and Sony boosting Nikkei

0
182


It was nice start for Asian stocks on Monday, led by Japan, following end-of-week gains in the U.S. after another solid jobs report.

The Nikkei












NIK, +1.36%










  was up an early 1.2%, helped by declines in the yen; the greenback












USDJPY, +0.08%










  was last around ¥109.70 versus ¥109.08 when Friday’s local stock trading wrapped. Big exporters Toyota












7203, +3.78%










  and Sony












6758, +2.83%










  were about 3% higher. Oil names opened lower, with crude distributor JXTG












5020, +0.11%










  down 0.8% after jumping a combined 4.7% Thursday and Friday while and producer Inpex












1605, -1.50%










  shedded 2.1% to erase the gains seen during a three-day rebound through Friday. Brent oil












LCOQ8, -0.30%










 retreated 1% Friday and was off a further 0.3% Monday morning

Meanwhile, indexes in South Korea












SEU, +0.20%










  and Australia












XJO, +0.56%










  started with 0.4% advances, with the latter’s benchmark having fallen for three straight weeks. New Zealand’s markets are closed for a holiday.

Singapore stocks also opened solidly higher amid broad optimism in the region after Friday’s post-jobs gains in the U.S. After three straight declines, the Straits Times Index












STI, +0.88%










  was up 0.7% with banks and property stocks early outperformers, rising more than 1%.

Malaysian stocks












FBMKLCI, -0.15%










  opened lower, contrasting early gains elsewhere in Asia, as the market paused following two days of roughly 1% gains.



Source : MTV