Asian shares bounce back in wake of US data
Asian shares are continuing to stabilise – rebounding from five-month lows – after the US posted better than expected employment numbers, signalling a strengthening recovery in the world's largest economy.
The positive US data has helped temper concerns over the recent volatility seen in emerging markets. Japan's Nikkei is up 2.2 per cent, continuing its recovery from four-month lows seen earlier in the week.
The Shanghai Stock Exchange Composite Index is seeing a minor gain of 0.1 per cent after falling 0.2 per cent from last week after the end of the Lunar New-Year holiday.
Japan's Topix is up 2.1 per cent and South Korea's Kospi has so far enjoyed gains of 0.7 per cent.