(Bloomberg) — A recovery of global shares continued in Asia, tracking gains on Wall Street following signs of resilience in the US labor market and improved consumption in China.
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Stocks rose across the region from Japan to South Korea and Australia. Chinese equities advanced after data showed the country’s inflation rose more than expected, offering hope of a recovery in domestic demand. Markets are closed in Singapore.
US stock futures gained in Asia, following a rally on Wall Street Thursday. The S&P 500 had its best day since November 2022, while the Nasdaq advanced 3.1%.
Investor mood improved after a better US jobless claims report that alleviated fears of a recession triggered by last week’s worse-than-expected employment data. The focus will now shift toward a fresh slew of US economic indicators due next week, including consumer prices.
An improved…
