Asian shares rally on strong global cues
Asian share markets opened higher on Monday on the back of upbeat US job data.
A report by Reuters stated that the data lessened immediate concerns about the world’s largest economy, though long-run fallout from Brexit kept sovereign yields near record lows.
MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.75%, While Australia added 1.3 %.
Japan’s Nikkei climbed 3.55% in early trading to 15,642.53 points.
SGX Nifty also edged higher above the 8400 barrier at 8433.50 points
Crude prices edged down to near two-month lows on seasonally weak consumption, the Reuters report stated.
Brent crude was down 48 cents at $48.28 a barrel, while NYMEX crude fell 39 cents to $45.02.