Emerging-market stocks rose to a seven-week high as U.S. jobs growth bolstered confidence in the global economy and Malaysian shares rallied to a record after Prime Minister Najib Razak won a majority in general elections.
The yield on South Korea’s five-year bonds rose the most in three weeks on speculation investors who were betting interest rates would fall sold debt after central bank Governor Kim Choong Soo signaled they may stay on hold.
The outlook for gold, which tumbled into a bear market last month, remains bullish as central banks stick with printing money to weaken their currencies and revive growth, according to Threadneedle Investments.
North Korea said it has no plans to invite anyone from the U.S. to discuss the case of Pae Jun Ho, the American citizen sentenced to 15 years’ hard labor for unidentified “hostile acts” against the communist country.
Shares of Asian banks and information technology companies advanced this week as Macquarie Group Ltd. and Samsung Electronics Co. posted higher profits. Japanese exporters fell as the yen touched a two-week high.
Emerging stocks rose, posting the biggest weekly advance since January, as better-than-forecast U.S. jobs data bolstered optimism about global economic growth. Commodity companies paced rallies from Russia to Brazil.
The last remaining South Korean workers at an industrial zone jointly run with North Korea will leave the complex today, bringing activities to a halt for the first time since the park opened nearly a decade ago.