22:03
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Asian shares rose and the dollar dropped on Monday, after a dismal US jobs report pushed down US Treasury yields as investors pared bets the US Federal Reserve would hike interest rates anytime soon.
Japan’s Nikkei 225 halved gains after briefly losing nearly 1 percent at the open.
Electronics makers were in focus; Sharp jumped 5.6 percent following news that the loss-making firm may spin off its LCD panel business and seek funding from government-backed Innovation Network Corporation of Japan (INCJ). Sony advanced 1.2 percent despite the Nikkei business daily reported that the company may cut more than half of its management-level workers.
South Korea’s Kospi index reversed a tepid open to edge up an hour into trade, thanks to a 3 percent rally in its top weighted stock Samsung Electronics. Shares of the South Korean giant were up ahead of its first-quarter guidance due at 8.30 am local time on Tuesday.
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