Asian markets trade higher: Stock Market Latest Updates

Asian stocks opened higher on Monday, after a strong US jobs report sent US equities soaring on Friday.

 

Nonfarm payrolls data showed the US economy created 211,000 jobs for November, beating market expectations. It is likely to have been the final sign for the Federal Reserve that conditions were right for a hike in interest rates in December.  

 

US markets closed last Friday 2 percent higher. The Dow Jones Industrial Average was up 370 points or 2.12 percent at 17,848. The S&P 500 was up 42 points at 2,092 and the Nasdaq was up 105 points or 2 percent at 5,142.

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