Asian Stocks Mostly Higher, Hong Kong Market Gains 4% ahead of US Jobs Report

Markets in Asia and the Pacific are still digesting the U.S. Federal Reserve’s 75 basis point interest rate hike on Friday, while Hong Kong shares climbed broadly.

As of 9.22 A.M. (Thai time), Hong Kong’s Hang Seng Index rose 3.68%, while the Hang Seng Tech index climbed 5.44%. In mainland China, the Shenzhen Component inched up 1.27%.

In South Korea, the Kospi rose 0.24%. Australia’s S&P/ASX 200 added 0.27%. The Reserve Bank of Australia released its monetary policy statement Friday.

Japan’s Nikkei 225′s fell 2.06% after a holiday on Thursday. 

The monthly U.S. employment report will be issued later. According to Dow Jones, economists predict that 205,000 new jobs were added in October and that the unemployment rate stayed unchanged at 3.5%.

Overnight, US markets fell for the fourth day in a row. Dow Jones Industrial Average lost 146.51 points, or 0.46% , to end the day at 32,001.25. Both the S&P 500 and the Nasdaq Composite saw losses, with the former ending at 3,719.89 and the latter at 10,342.94.