US jobs numbers help advance Asian stock markets

Investors in Asia responded positively to the strong US jobs data. The fact that employment in the US has rebounded significantly last month supports them in the idea that the economic outlook for the rest of the world is improving as well.

US companies and governments created the largest number of new jobs last month since last summer, it was announced Friday. The job numbers seem to indicate that the job market in the world’s largest economy is recovering from the Corona pandemic, supported by virus vaccinations and government support measures in Washington against the crisis. President Joe Biden described the job growth as a hopeful sign.

Japan’s Nikkei rose 0.8 percent on Monday to 30,089.25 points. Trade has also resumed in South Korea. There, the most important index rose 0.3 percent in the meantime. Other large stock exchanges in the region, for example in China or Australia, were closed for another day.

With stock exchanges in New York closed on Good Friday, Wall Street itself has yet to respond to the latest US job numbers. It won’t happen until later Monday, when US stocks resume trading after the Easter holidays. In Europe, stock exchanges will not open again until Tuesday.

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