Markets

Asian Stocks Finish Higher Ahead of Friday's U.S. Jobs Report

Asian markets closed firmly in the black Thursday, as investors looked forward to the U.S. jobs report on Friday for clues on monetary policy.

Although the U.S. Bureau of Labor Statistics report is forecast to show hiring rose by 245,000 in March. The report will follow data released Wednesday that showed the pace of U.S. manufacturing growth in March eased to its slowest in nearly two years.

The Shanghai Composite climbed to its highest level in seven years to close at 3,825.78, with technology stocks leading the charge. This pulled the Hang Seng higher, which closed up almost 1%.

Traders in Japan shrugged off a central-bank survey showing firms expect inflation to rise 1.4% a year from now, casting doubts on the bank's pledge to hit 2% this fiscal year. The Nikkei closed up 1.5%.

Australia ASX All Ordinaries +36.80 +0.63% 5,869.70

Shanghai SE Composite Index +15.49 +0.41% 3,825.78

Hang Seng +192.89 +0.77% 25,275.64

Nikkei 225 +277.95 +1.46% 19,312.79

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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