TOKYO (AP) — Asian shares were mostly higher Monday, buoyed by a solid increase in U.S. jobs and an upward revision to Japan's economic growth for the first quarter.
The Nikkei 225 stock index in Tokyo was up 0.4 percent at 15,143.77 after the government reported that the economy grew an annualized 6.7 percent in January-March thanks to strong private investment, up from an earlier estimate of 5.9 percent growth.
News that U.S. employers added workers at a decent clip for the fourth straight month propelled the Standard & Poor's 500 to its eighth record high Friday in the previous 10 days.
Hong Kong's Hang Seng gained 0.8 percent to 23,123.90 while South Korea's Kospi edged down 0.1 percent to 1,993.32. China's Shanghai Composite Index added 0.4 percent to 2,037.69.
Markets in Southeast Asia were mostly higher. Australia's stock exchange was closed for a public holiday.
U.S. employers added 217,000 jobs during May, in the range of what economists had expected. The unemployment rate stayed put at 6.3 percent. Wall Street forecasters had expected it to inch up.
Offsetting the positive U.S. and Japan data was China's trade figures released on the weekend. Growth in exports picked up in May but imports fell, suggesting continued sluggishness in the world's No. 2 economy.
In energy markets, U.S. crude for July delivery was up 11 cents to $102.77 in electronic trading on the New York Mercantile Exchange. The contract closed Friday up 18 cents at $102.66.
The euro rose to $1.3646 from $1.3643 late Friday. The dollar inched down to 102.52 yen from 102.54 yen.