Nikkei, Shanghai outperform lackluster Asia | Stock Cash Market Tips

Get Premium Trading Tips on Mobile with 2 days Free Trial Service: Stock Tips, Equity Tips, Commodity Tips, Stock Cash Tips, Stock Trading Tips

 

Asian stocks kicked off the new trading week mixed, mirroring the handover from Wall Street amid weakening commodity prices.

Meanwhile, below-view trade figures released at the weekend from China may keep a lid on risk appetite. October exports fell 6.9 percent from a year ago, dropping for a fourth month, while imports slipped 18.8 percent, leaving the country with a record high trade surplus of $61.64 billion, the General Administration of Customs said on Sunday. 

 

The Nasdaq Composite and Dow Jones Industrial Average edged up 0.4 and 0.3 percent respectively, after a better-than-expected October jobs report raised the likelihood of a December rate hike. The S&P 500 finished flat on Friday. 

According to figures released by the Bureau of Labor Statistics on Friday, nonfarm payrolls grew 271,000 in October, registering a sharp jump from weak August and September numbers. The headline unemployment rate declined to 5.0 percent, declining even as the civilian labor force increased by 313,000.