Asian
stocks rose for a second day amid low trading volumes after data showed
U.S. payrolls climbed the most in two years last month and the jobless
rate fell.The MSCI Asia Pacific excluding Japan Index gained 0.1 percent to 476.10 at 9:31 a.m. in Hong Kong, following three weeks of losses. Markets in Japan and South Korea are closed today and tomorrow for holidays.
Australia S&P/ASX 200 Index and Hong Kong Hang Seng Index were little changed. New Zealand NZX 50 Index slid 0.5 percent. Futures on the Standard & Poor 500 Index were little changed.
U.S. employers added 288,000 workers in April, marking the biggest upside surprise in the payrolls data since February 2012. Economists surveyed by Bloomberg predicted an increase of 218,000.
The jobless rate dropped to 6.3 percent, the lowest level since the collapse of Lehman Brothers in 2008.
The HSBC Holdings Plc/Markit Economics Ltd. gauge of China manufacturing will probably confirm a final April reading of 48.4, up from a preliminary reading of 48.3, while still signaling contraction.
An official gauge of April factory output released last week came in at a lower-than-projected level of 50.4, from 50.3 in March.
Source : Bloomberg
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