Asian shares firm
Monday, 10 November 2014
Asian shares gained on Monday after US jobs data pointed to solid economic growth, with Hong Kong leading the gains after regulators set a date for long-awaited trading link the between the Hong Kong and Shanghai stock exchanges to open. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.2 per cent, led by 1.8 per cent gains in Hong Kong. Japan's Nikkei .N225 bucked the trend, as the yen rebounded on profit-taking in the dollar following the US payroll data. The dollar's fall lifted the battered gold price from 4 1/2-year lows. Gold traded at $1,172.50 per ounce XAU=, above Friday's low of $1,131.85. Oil prices rose on Monday on renewed geopolitical tensions in the Middle East and Ukraine, with Brent crude LCOc1 gaining 0.6 per cent, extending its recovery from four-year low hit last Wednesday, according to Reuters.