9th December 2013
The Nikkei 225 index has recorded its largest single-session advance in three months today (December 9th), with Asian markets generally trading higher following positive data from China and the US.
An official report released earlier in the session showed inflation in China slowed from 3.2 per cent in October to three per cent last month. However, exports were significantly higher, advancing by 12.7 per cent year-on-year.
This followed the US labour market data published on Friday, which showed the country added 203,000 new jobs in November, while the unemployment rate fell to a five-year low of seven per cent.
Investor sentiment has been boosted on the back of these numbers, with traders now more confident regarding the health of the global economy.
The Nikkei added 2.29 per cent to close at 15,650.21 points, while the Hang Seng gained 0.4 per cent.
Australia's ASX/200 bucked the general trend and ended the session down by 0.8 per cent at a three-month low as the country's financial sector weighed on the benchmark index.
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