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%.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.