SYDNEY (Reuters) – Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong U.S. jobs data, although regional gains were capped by concerns about China’s economic slowdown due to the prolonged Sino-U.S. trade war.
Japan’s benchmark Nikkei .N225 added 0.33% while MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.27%. China’s Shanghai Composite .SSEC stood flat and so did Hong Kong’s Hang Seng .HSI.
European shares are expected to give up some of the gains made on Friday after the U.S. payrolls data, with pan-European Euro Stoxx 50 futures STXEc1 down 0.14%, German DAX futures FDXc1 slipping 0.04% and FTSE futures FFIc1 losing 0.35%.
Wall Street rose to near record highs on Friday on the strong jobs data and some signs of optimism about the U.S.-China trade talks, with the benchmark S&P 500 .SPX closing within 0.2% of its peak set in late November.
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