Asian markets gain, with Toyota and Sony boosting Nikkei


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