Asia starts new month up on strong Wall Street after brutal October
Updated : November 01, 2018 08:15:51 IST
The index had fallen 10.2 percent in October, it worst monthly performance since August 2015, as factors ranging from Sino-US trade tensions to worries about global economic growth, higher US interest rates and company earnings spurred volatility in global markets.
The dollar index against a basket of six major currencies hovered near a 16-month high of 97.20 scaled overnight after the ADP national employment report showed that US private sector payrolls increased by the most in eight months in October.
The greenback has enjoyed a boost from robust economic reports, including data last week which showed the US economy slowed less than expected in the third quarter.