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Asian Markets Begin Trading Week on High Note

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, June 8, 2020. Shares have advanced in Asia Monday after surprisingly strong U.S. jobs figures helped power a…

Global markets are riding high Monday thanks to a boost from last week’s better-than-expected U.S. unemployment numbers.

The Nikkei index in Tokyo closed 1.3% higher, while Mumbai’s Sensex index was up 1.4% in late afternoon trading. Hong Kong’s Hang Seng index was slightly higher at 0.1%, with the Shanghai Composite up 0.3% and Taiwan’s TSEC index 1.1% higher. Seoul’s KOSPI index was in negative territory but essentially unchanged, while Sydney’s S&P/ASX index was closed for a public holiday.

Oil markets are also surging Monday, with U.S. crude selling at $39.17 per barrel, up 0.4%, and the international standard, Brent crude, selling at $42.59 per barrel, up 0.6%

All U.S. stock exchanges are trending upward in futures trading.