Asian stocks
fluctuated after a U.S. labor report bolstered prospects of an
interest-rate increase this year and Chinese export data added to
headwinds facing the world’s second-largest economy. Japan’s Topix index
climbed after the yen weakened.
The MSCI Asia Pacific
Index added 0.2 percent to 133.91 as of 9:05 a.m. in Tokyo, swinging
from a loss of 0.3 percent. The Topix added 1.1 percent after the yen
slid 1.1 percent against the dollar on Friday. Data showed a 271,000
gain in U.S. payrolls in October, the biggest this year and exceeding
all estimates in a Bloomberg survey of economists. Odds on the Federal
Reserve hiking benchmark rate at its next meeting in December jumped to
68 percent. China’s exports fell for a fourth straight month and imports
matched a record stretch of declines, figures released Sunday showed.
Source : Bloomberg
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