Asia markets were largely in positive territory on Friday morning, following the rebound of the S&P 500 and Dow Jones Industrial Average on Wall Street overnight.
Nikkei 225 jumped by 1.02 percent in the early hours of trading action, with most sectors trading in positive territory.
The moves in Japanese stocks came after the release of data that showed the country’s unemployment rate fell 0.1 percent from the previous month to 2.4 percent. The country also saw an increase in its month-on-month industrial output in August, while retail sales in August was higher as compared to a year earlier.
In the Bank of Japan’s release of its summary of opinions for its meeting earlier in September, the central bank said “the contrast between the favorable U.S. economy and other economies is becoming more evident, mainly reflecting U.S. trade policy, and uncertainties regarding their outlook have been heightening as well.”
Down Under, the ASX 200 rose by 0.5 percent with most sectors seeing gains. Commonwealth Bank of Australia’s share price, which was in decline for much of the trading week, rose by around 0.4 percent on Friday morning.
Over in South Korea, however, the Kospi slipped by 0.35 percent in the morning, as shares of Korea Aerospace Industries sank by approximately 26 percent following the company’s failed bid to build the U.S. Air Force’s next training aircraft.
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