Asian stocks rise after strong Japan, China data
AFP | Sep 9, 2013, 02.15PM IST
HONG KONG: Asian markets rose on Monday as strong Chinese trade data lifted hopes for the global economic outlook while Japanese stocks were boosted by improved growth figures and Tokyo's successful bid to host the 2020 Olympics.
Weaker-than-forecast US jobs figures raised concerns about the world's number one economy but also fuelled hope that the Federal Reserve will hold off winding down its stimulus programme for the time being.
Tokyo rose 2.48 percent, or 344.42 points, to 14,205.23. Japanese dealers bought into construction and real estate plays after Tokyo's Olympics success, while there was also cheer for better-than expected gross domestic product data for the April-June quarter.