Shares were mostly higher in Asia on Monday after a report Friday showed resilience in the U.S. jobs market.
Benchmarks rose in Tokyo and Seoul but fell in Shanghai. Markets were closed in Hong Kong and Sydney after last week ended with Good Friday holidays in many countries. U.S. futures were mixed and oil prices declined.
The highly anticipated report on U.S. employment showed hiring slowed more than expected but remained steady last month.
Friday’s jobs report showed that American employers added 236,000 jobs last month, a slowdown from February’s 326,000 and slightly below economists’ expectations. Wages, meanwhile, grew 0.3% from February to match expectations. But year-over-year wage gains slowed to 4.2% from 4.6%.
Asian central banks are also struggling to steer the delicate course of curbing inflation while avoiding putting economies into recession.
In Asian trading Monday, Tokyo’s Nikkei 225 index added 0.4% to 27,629.25. In Seoul, the Kospi surged 0.9% to 2,512.28
The Shanghai Composite index gave up early gains, losing 0.2% to 3,322.58. Shares rose in Taiwan but fell in Southeast Asia.
The Federal Reserve faces a tough decision over whether to raise interest rates to drive down inflation that’s still high or hold off given signs of a slowing economy.