UP, UP, AND AWAY: Asian Markets Shoot Higher

rocket shuttle soaring

Photo: AP

Asian markets moved higher across the board in early trading.The biggest news out of those markets comes from Australia, which shed 29.3K jobs in December compared to expectations of a 10K increase. But unemployment declined from 5.3% to 5.2%, and the number of people looking for part-time work also declined.

These numbers may be explained by declining participation in an ageing workforce. Australia’s population is ageing, and the participation rate declined by 0.3% in December. 

UPDATE: Those gains are growing across the board, except in Australia where they’re holding steady.

Check it out:

Japan’s Nikkei: +1.32%

Korea’s Kospi: +1.09%

Australia’s S&P/ASX 200: +0.35%

Hong Kong’s Hang Seng: +1.27%

U.S. futures have also moved slightly positive.

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