Asian shares rise on US rally, jobs data signalling low rates

Hong Kong’s Hang Seng edged up 0.4% to 28,729.22, while the Shanghai Composite was little changed but inched up to 3,418.95.

Many will be from countries where people have been vaccinated, while the rollout has been extremely slow in Japan, with about 3% of the population inoculated so far.

The S&P 500 index rose 0.7% to 4,232.60, its third straight gain, and topping the previous all-time high set last month.

That was far fewer than the 975,000 jobs that economists expected and a steep slowdown from March’s hiring pace of 770,000.

Such low interest rates have been a huge reason for the stock market’s recovery from its pandemic low in March 2020.

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