Asian shares rally on strong global cues

Asian share markets opened higher on Monday on the back of upbeat US job data.

A report by Reuters stated that the data lessened immediate concerns about the world’s largest economy, though long-run fallout from Brexit kept sovereign yields near record lows.

MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.75%, While Australia added 1.3 %.

Japan’s Nikkei climbed 3.55% in early trading to 15,642.53 points.

SGX Nifty also edged higher above the 8400 barrier at 8433.50 points

Crude prices edged down to near two-month lows on seasonally weak consumption, the Reuters report stated.

Brent crude was down 48 cents at $48.28 a barrel, while NYMEX crude fell 39 cents to $45.02.