Asian stocks like the Japanese Nikkei ended up on a great note

[gnutrade.satya]

Asian stocks like the Japanese Nikkei ended up on a great note uplifted by a strong US jobs data which suggested that the economic recovery is taking deeper hold. Hiroaki Osakabe, fund manager at Chibagin Asset Management said: "Gains are being limited by a bit of profit-taking, based on the sense that the Nikkei may be a little overstretched and the fact that this long-awaited jobs news is finally behind us."
Nagayuki Yamagishi, investment strategist at Mitsubishi UFJ Securities said: "As long as it rises along with gains in the five-day moving average, an extreme sense of overheating is unlikely to emerge. The Nikkei has mostly moved above its five-day moving average since early March. The Nikkei may face resistance at 11,600, adding that trade just above that level has been relatively sparse in recent years."
The benchmark Nikkei 225 index closed up 0.5 percent at 11,339.30.