Hang Seng leads Asian gains

The Hang Seng stands out among strong Asia equities, hitting a two-and-a-half-year high following Friday’s bumper U.S. jobs data. Confidence is growing that the U.S. is set for a soft landing. Crude prices have enjoyed their best weekly gains in almost two years on the back of last week’s Middle East tensions. Supply disruptions are in focus on the one-year anniversary of the Israel-Hamas conflict. Taiwanese semi-conductor giant FoxConn notches record Q3 revenue after seeing a 20 per cent demand surge for A.I. servers. Miner Rio Tinto eyes lithium producer Arcadium as it looks to grow the metal’s lucrative long-term revenue stream. And in gaming news, France’s Ubisoft sees shares soar by more than 30 per cent amid reports of potential buyout talks by Chinese tech giant Tencent.

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