Asian stocks mostly rose on Monday, taking their cue from healthy Chinese export data and strength in the U.S. jobs report.
Japan’s Nikkei 225 index recovered 46.76 points, or 0.3%, to 15,124, scoring its highest settlement in about three months. The U.S. dollar dropped slightly versus the yen, buying ¥102.47 from ¥102.54 in the prior session.
The Hang Seng Index in Hong Kong regained 166.47 points, or 0.7%, to 23,117.47.
On Friday, the U.S. said it added 217,000 jobs in May, better than what economists had anticipated.
In Japan, most big tech names posted gains on Tuesday, as electronics manufacturer Panasonic Corp. advanced 2.7%, semiconductor company Renesas Electronics Corp. gained 1.5%, rival Toshiba Corp. rose 1.4%, and camera maker Nikon Corp. added 0.9%.
In Hong Kong, the heavily weighted Internet giant Tencent Holdings pushed higher by 2.4%, computer maker Lenovo Group tacked on 1.3%, while leading developer Poly Property Group sank 7.7%, and local peer Shimao Property Holdings fell 4.3%.
However, South Korea’s Kospi index lost strength, with market heavyweight Samsung Electronics tumbling 3.3%.
CHINA
The Shanghai CSI 300 slid 0.44 points to 2,134.28
Official data released Sunday showed that China’s exports growth sharply accelerated to 7% in May, up from April’s 0.9%.
In other figures from China, a report showed the property market is cooling off dramatically despite the onset of the sector’s traditionally "hot season," as both land sales and transaction values plunged in May across 300 major Chinese cities.
Total land sales fell to 1,767 transactions in May in 300 Chinese cities, down 45% from a year ago and 19% lower than in the previous month, according to a survey published Friday on China’s leading real estate website Soufun.com.
In the same month, the total transaction value for land sales dropped 38% year-over-year.
In other markets;
Australian markets were closed for a holiday
In Korea, the Kospi index returned from holiday to shed 5.44 points, or 0.3%, to 1,990.04
Singapore’s Straits Times Index gained 5.77 points, or 0.2%, to 3,305.20
In Taiwan, the Taiex index added 28.28 points, or 0.3%, to 9,162.74
In New Zealand, the NZX 50 gained 4.91 points, or 0.1%, to 5,187.35
