MANILA, Philippines — Asian shares rose on Friday after U.S. stocks climbed to a record as Wall Street made its final moves ahead of an update on the American job market that could clear the way for cuts to interest rates that investors love.
In Tokyo, the Nikkei 225 added 0.9% to 42,945.16 after data released Friday showed Japan’s labor cash earnings rose 4.1% year-on-year in July, up from 3.1% in June. Another report showed household spending climbed 1.4% in July from the same month a year ago, marking growth for the third month in a row.
President Donald Trump also signed an executive order Thursday implementing the U.S. trade deal with Japan in July, with lower tariffs on Japanese car imports.
In Chinese markets, Hong Kong’s Hang Seng index moved up 0.5% to 25,194.85, while the Shanghai Composite index added 0.4% to 3,778.95.
South Korea’s Kospi edged up less than 0.1% to 3,203.13, and Australia’s S&P/ASX 200 rose 0.3% to 8,855.20.
India’s BSE Sensex was 0.2% higher, while Taiwan’s Taiex jumped more than 1%.
U.S. futures were higher while oil prices edged down.
On Wall Street on Thursday, the S&P 500 added 0.8% to top the all-time high it set last week. The Dow Jones Industrial Average rose 350 points, or 0.8%, and the