Asian financial markets closed on a confused variance of high and low. The mixed market standings by the end of the trading day at closing bell was a surprising deduction considering the positive job market growth posted by the Labor Department of the United States of America. The general stance of American job market growth did post a positive outlook but not much has consequently translated into the actual change or growth of Asian financial markets. The reason why this is astonishing is because of how dependent the Asian financial markets are on the job rate of the United States.
Many optimists however, have stated that the reason why most of the job growth did not affect the Asian markets at closing bell was obviously due to the time difference, and the fact that the announcement of the job growth rate by the Labor Department of the United States was made a little too late in order to the Asian markets to get a whiff of it before closing bell. The American market and unemployment rate hold massive significance in the Asian markets, because of the American import rates from Asian markets. If job rates go up, the automatic speculation of public spending begins, and the spending rate too automatically goes up.
This type pf news generally results in an elated market which is able to pick up and surge quite a few points on the national stock index. However, many analysts state that it is an eventual possibility, as markets are bound to grow after the news. They are certain that the boosted employment rate in the United States of America is bound to engender market growth in Asia. The hint of this was witnessed when the Japanese Yen climbed on the mere mention of the job rate growth spike.
The job rate spike did allow the Yen to climb but did not translate to the NIKKEI market index as it was far too close to closing bell. The Chinese, Taiwanese, and Hong Kong markets remained close, so there was no chance of monitoring those markets. The South Korean markets also were caught off-guard with a midway tumble, but financial analysts in the southern Korean peninsula seem positive in the financial markets for the rest of the week. The DOW index had also climbed slightly after the news of job growth was stated.