SINGAPORE – Japan stocks rose Monday morning as many major Asia Pacific markets are closed for public holidays.

In Japan, the Nikkei 225 rose 0.71% while the Topix index rose 0.35%.

South Korea’s Kospi, on the other hand, lost 0.27%.

The broadest MSCI index for stocks in the Asia-Pacific region outside of Japan has hardly changed.

The markets in Australia, Mainland China and Hong Kong are closed on Mondays for public holidays.

US payrolls exceed expectations

In terms of economic development, the U.S. Department of Labor reported Friday that the number of non-agricultural workers rose by 916,000 in March – well above the 675,000 increase that Dow Jones polled economists had expected.

The unemployment rate also fell to 6%, in line with the expectations of economists polled by Dow Jones.

Currencies and oil

The US dollar index, which tracks the greenback versus a basket of its peers, was 92.955 – up above 93.3 from late last month.

The Japanese yen was trading at 110.57 per dollar, weaker than 110.5 against the greenback last week. The Australian dollar changed hands at $ 0.7617, above the $ 0.756 level recorded last week.

Oil prices were lower on the morning of trading hours in Asia and the international benchmark Brent crude oil futures fell 0.51% to $ 64.53 a barrel. US crude oil futures were down 0.44% to $ 61.18 a barrel.