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Shares in ASia down on regional data, thin trade with Shanghai, HK shut

Asian shares downAsian shares down

Investing.com – Shares fell in Asia on Monday with investors noting regional data as well as rumblings between the and with markets shut in Greater China for a holiday

The fell 0.32%, while the dropped 1.41%. Markets in Hong Kong and Shanghai were closed on Monday.

In Australia the gauge for March was flat after a 0.2% month-on-month fall in February.

Also in Australia for February jumped 3.1%, compared with a 2.0% gain seen month-on-month.

As well dipped 1.2% in February, compared with a revised downward fall of 6.4% in January and were flat compared to a 0.4% month-on-month gain seen in February.

Last week, U.S. stocks rose considerably on Friday as an optimistic March jobs report provided signals of an improving domestic economy, while investors shrugged off sharp declines in crude futures demonstrating indications that equities could be on the verge of decoupling from volatile oil prices.

On Friday morning, the U.S. Department of Labor said nonfarm payrolls rose by 215,000 in March, slightly above consensus estimates of 210,000, building off gains of 245,000 from the previous month. Notably, average hourly earnings jumped by 0.3% one month after slumping by 0.1% in February. The labor force participation rate also increased by 0.1 to 63%, while the unemployment rate rose mildly to 5.0%, hovering near eight-year lows.

The gained 107.66 or 0.61% to 17,792.75, while the Composite index added 13.04 or 0.63% to 2,072.78, kicking off the second quarter on the right foot. The , meanwhile, rose 44.69 or 0.92% to 4,914.54 after receiving a considerable boost from the slumping biotech sector. On the S&P 500, eight of 10 industries closed in the green, as stocks in the Health Care, Technology and Consumer Goods sectors led. Stocks in the energy industry lagged, plunging more than 1.45% on the session.

Volatility remained low, as the index fell roughly 3% to an intraday low of 13.41, its lowest level year to date.

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