Japan's Unemployment Rate Jumps, But The Nikkei Is Higher Anyway

Photo: Wikipedia

Asian markets are following the U.S. markets higher in early trading.  A few hours ago, we learned that Japan’s unemployment rate jumped to 4.5% in October from 4.1% in September.  Economists were expecting an increase to 4.2%.  Nevertheless, Japanese stocks are trading higher.Japan’s Nikkei is up 1.1%.

Korea’s Kospi is up 1.7%.

Australia’s S&P/ASX is up 0.1%.

Hong Kong’s Hang Seng is up 1.0%.

Shanghai Composite is up 0.8%.

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