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Asia markets jump at open; Nikkei gains 2.6%, Kospi up 0.9%
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Asia markets jump at open; Nikkei gains 2.6%, Kospi up 0.9%
Jul 10, 2016 10:44 PM

Asia markets opened higher on Monday, after a strong employment report stateside saw US stocks rise on Friday.

Japan's Nikkei 225 rallied 2.6 percent in early trade, while the Topix was up 2.4 percent. Across the Korean Strait, the Kospi added 0.88 percent.

Australia's ASX 200 was up 1.39 percent, boosted by some 1.7 percent gains in the financials subindex that makes up nearly half of the broader index. Major Australian banks rallied, with shares of ANZ climbing 2.6 percent.

"The bulls are seemingly in charge of everything right now," said Chris Weston, chief market strategist at brokerage firm IG. "Whether that is the equity market, gold or US treasuries, no

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First Published:Jul 11, 2016 7:44 AM IST

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