Asian Markets Surge Amid Strong US Jobs Data

Asian markets surged on Monday, led by strong gains in Tokyo as the Nikkei 225 rose 1.8%, driven by a weaker yen following a robust U.S. jobs report. This report eased recession fears and shifted expectations away from significant future U.S. interest rate cuts, boosting confidence in the global economy. Hong Kong stocks also climbed 1.60% ahead of China's market reopening, with anticipation of Beijing's planned economic stimulus details. European stocks initially opened higher but later declined due to ongoing Middle East tensions and poor German factory data. In the U.S., premarket trading saw a dip as investors reassessed the economic outlook. Meanwhile, shares in Nintendo jumped 4.4% amid interest from Saudi Arabia's sovereign wealth fund in increasing its stake.