Asian stocks spurred higher by U.S. data; Aussie falters

By Ian Chua and Vidya Ranganathan

SYDNEY/SINGAPORE (Reuters) - Asian stocks rose on Monday as investors gave the thumbs up to an upbeat U.S. labour force report that sent Wall Street to an all-time closing high last week, while the dollar held its ground against the yen.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed nearly one percent with Australia’s main share index also about a percent higher. Malaysian shares were the biggest gainers, rising 3 percent after the ruling coalition government won a tight election. Continue reading »