Asian markets closed higher on Monday backed by gains on Wall Street as healthy U.S. jobs data released last week diverted investors' attention away from the escalating trade tension between the US and China. The world's two largest economies exchanged tariffs on Friday while the U.S. economy added 213,000 jobs in June, topping the 195,000 forecast in a Reuters poll.
In corporate news, Beijing-based Xiaomi, the world’s fourth-largest smartphone maker, made a debut on the Hong Kong Stock Exchange today
European markets ended the first day of the new trading week firmly in positive territory as equities got a boost from stronger-than-expected U.S. jobs data. In spite Brexit-related turmoil as U.K. Foreign Secretary Boris Johnson and Brexit secretary David Davis quit, UK's FTSE finished in the black.
Across the Atlantic, U.S. stocks closed sharply higher as the trade spat between Washington and Beijing took a backseat with investor sentiment remaining strong after Friday's solid US jobs data which reaffirmed the market's confidence in the US economy. Banks posted their best day since late March.
World Markets Headlines Today
Hong Kong shares climb as US-China trade war anxiety cools (Nikkei Asian Review)
Australia: Stocks to rise after US job growth (Australian Business Review)
India: Sensex surges 250 points led by RIL, banking stocks; Nifty above 10,840 (Mint)
European stocks open higher; Brexit secretary resigns (CNBC)
European Shares Set To Follow Asian Peers Higher (RTT News)
FTSE shrugs off Davis exit (BBC)
Stock Bulls in Charge as Dow, S&P 500 Test Key Technical Levels (Bloomberg)
Dow up by triple digits as financials rally (Marketwatch)
Dow Rises for a Third Day as U.S. Jobs Growth Lifts Sentiment (The Street)
Gold prices edge up as dollar hovers near 3-1/2 week lows, Oil prices edge up as investors eye tight market (Reuters)
25 Major Markets Stock Indices Closing Data
All Continents Stock Indices Closing Data
Tokyo's Nikkei 225 rose 1.21% while Hong Kong's Hang Seng advanced 1.32%. China's Shanghai Composite jumped 2.49%. Seoul's KOSPI was up 0.57%. Mumbai's Sensex increased 0.78% while Nifty 50 was higher by 0.74%. Australia's ASX200 was up 0.22%. Singapore's STI finished 1.16% in the green. Jakarta's Composite grew 1.97% and Taiwan's Weighted Index was up 1.05%.
The Paneuropean STOXX600 rose 0.58%. France's CAC increased 0.42%. London's FTSE was up 0.92%. Belgium's BEL 20 was higher by 0.70%. Amsterdam's AEX grew 0.74%. Moscow's IMOEX increased 1.18%. In Southern Europe, Lisbon's PSI20 was up 0.77% while Spain's IBEX 35 added 0.22% and Italy's FTSE MIB rose 0.49%.
In Scandinavia, Stockholm's OMXS30 was up 1.11% while Copenhagen's OMXC25 increased 0.85%. Helsinki's OMXHPI finished the day 1.02% in the green.
In Central Eastern Europe, Budapest's BUX dropped 0.28% while Warsaw's WIG was down 0.15%. Prague's PX advanced 0.31% and Bratislava's SAX was unchanged. Tallinn's OMXT was higher by 0.45% while Riga's OMXR fell 0.09%. In Vilnius,the OMXV was up 0.17%.
In South Eastern Europe, Bucharest's BET was up 0.38% while Sofia's Sofix decreased 0.84%. Belgrade's Belex moved downward 0.50%. Podgorica's MNSE10 grew 0.61%. Sarajevo's SASX10 jumped 3.90% while Banja Luka's BIRS was up 0.05%. Ljubljana's SBI Top rose 0.49%. Zagreb's CROBEX was off 0.21%. In Skopje, the MBI10 gained 0.16%. Istanbul's BIST100 was up 0.53%. In Athens, the General Index finished the day 0.36% in the green while in Nicosia dropped 0.17%.
Dar Es Salaam's ASI gained 0.49%. Egypt's EGX30 fell 0.34% and Johannesburg's ASI rose 1.38%. Nigeria's ASI increased 0.06% while Nairobi's ASI fell 0.02%. Namibia's Overall Index gained 1.98%. Tunisia's TUNINDEX dropped 0.36%. Mauritius' SEMDEX was up 0.21%. Uganda's ASI was higher by 0.67% and Zimbabwe's Industrial Index gained 0.44%.
In Canada, the S&P TSX Composite advanced 0.49%. In the U.S., the Dow Jones gained 1.31% while the S&P 500 and the Nasdaw both rose 0.88%.