Summary Gold fetched $1,187.01 from $1,183.36 late Thursday
TOKYO (AFP) - Asian stock markets were broadly higher Friday, but some leading indexes surrendered gains as investors eyed a US jobs report that will supply more clues about the strength of the world s top economy.
Tokyo s benchmark Nikkei index rose 87.20 points, or 0.45 percent, to end at 19,379.19, and Hong Kong added 1.05 percent, or 287.37 points, to close at 27,577.34.
But Sydney stocks drifted by the close, easing 11.1 points, or 0.20 percent, to 5,634.6, while South Korean shares dropped 0.26 percent due to rising economic uncertainties with the benchmark KOSPI down 5.48 points to 2,085.52.
Markets were gearing up for the US Labor Department s jobs report Friday to gauge whether the economy is strong enough for the Federal Reserve to begin raising ultra-low interest rates.
If US payrolls rebound "we ll see US long-term (bond) yields spike and the yen weaken, which will be positive for Japanese shares", said Juichi Wako, a senior strategist at Nomura Holdings.
"But if the data is worse than expected, we could see global stocks suffer a deeper correction as the market shifts toward a deflationary story."
Chinese shares benefited from hopes for policies to boost the economy after China posted weaker-than-expected trade data, dealers said.
Shanghai was the star gainer after a week of heavy losses, finishing up 2.28 percent, or 93.71 points, to 4,205.92. Despite the gains, the index lost 5.31 percent over the week.
The Shenzhen Composite Index, which tracks stocks on China s second exchange, surged 4.17 percent, or 90.87 points, to 2,272.17 on turnover of 512.9 billion yuan. It gained 0.19 percent for the week.
- Investors await US cue -
==========================
US employers likely added 228,000 workers to non-farm payrolls last month, after a 126,000 increase in March, according to economists surveyed by Bloomberg.
A positive reading would renew expectations for a rate hike later this year, after a batch of tepid US data earlier this week, including a disappointing employment report from payroll firm ADP.
"There s very little to drive the markets ahead of the macro data," said Andrew Sullivan, head of sales trading at Haitong International Securities Group in Hong Kong.
"We may see some caution into the close. The wage levels will probably be more closely watched for signs of inflation."
On Wall Street, US stocks pushed higher Thursday as oil prices cooled and Chinese e-commerce giant Alibaba soared on strong sales.
The Dow Jones Industrial Average advanced 0.46 percent, the S&P 500 gained 0.38 percent, while the Nasdaq jumped 0.53 percent.
Oil prices dived Thursday a day after hitting 2015 highs as worries about global oversupply re-emerged with traders scrutinising a mixed US inventories report.
On Friday they extended those sharp losses -- West Texas Intermediate for June delivery eased 31 cents to $58.63, while Brent crude for June declined 18 cents to $65.36 in afternoon trade.
The British pound jumped as election results showed Prime Minister David Cameron s Conservatives headed for victory, while the dollar won support on hopes for a solid US jobs report.
In Tokyo afternoon trade, sterling fetched $1.5500 against $1.5262 in New York, while the euro sank to 0.7236 pounds from 0.7382 pounds.
In other currency trading, the dollar rose to 119.87 yen, from 119.75 yen in New York. The euro slipped to $1.1224 and 134.56 yen on Friday, down from $1.1266 and 134.91 yen in US trade.
Gold fetched $1,187.01 from $1,183.36 late Thursday.
In other markets:
-- Wellington edged up 0.10 percent, or 6.00 points. to 5,735.36.
Contact Energy rose 0.72 percent to NZ$5.56, while Air New Zealand slipped 0.36 percent to NZ$2.78.
-- Taiwan fell 0.12 percent, or 12.11 points, to 9,692.0.
Acer fell 1.28 percent to Tw$19.2 while HTC was 0.83 percent lower at Tw$119.0.
-- Manila closed down 0.68 percent, or 53.06 points, at 7,763.21.
Universal Robina was down 4.98 percent to 202.40 pesos, Metrobank fell 0.53 percent to 93.05 pesos, while Ayala Land lost 0.74 percent to 40.10 pesos.
-- Singapore rose 0.56 percent, or 19.23 points, to close at 3,452.01.
Singapore Telecom jumped 0.47 percent to Sg$4.32 and DBS Bank gained 0.96 percent to Sg$21.05.
-- Kuala Lumpur gained 2.55 points, or 0.14 percent, to close at 1,807.65.
AMMB Holdings rose 0.16 percent to 6.35 ringgit, but Petronas Gas fell 0.44 percent to 22.78 ringgit, while Malayan Banking went up 1.53 percent, closing at 9.29 ringgit.
-- Jakarta ended up 0.62 percent, or 31.73 points, at 5,182.21.
PP London Sumatra Indonesia gained 1.78 percent to 1,430 rupiah, while real estate firm Bumi Serpong Damai slipped 2.70 percent to 1,805 rupiah.
-- Bangkok closed up 0.81 percent, or 12.20 points, at 1,510.51.
Bumrungrad Hospital gained 6.80 percent to 188.50 baht, while Siam Commercial Bank added 3.12 percent to 165.00 baht.
-- Mumbai gained 1.90 percent, or 506.28 points, to end at 27,105.39.
Tata Motors climed 5.18 percent to 513.50 rupees, while Hero Motorcorp fell 2.23 percent to 2,301.55 rupees.
