Asia Markets: Asian markets jump higher following Friday’s selloff

Asian stock markets were broadly higher in early trading Monday following Friday’s U.S. selloff and another plunge for oil.

Despite the indication of the futures premarket, Japanese stocks started higher amid gains from so-called domestic demand stocks after the holiday weekend, reflecting concerns about global growth. The Nikkei NIK, +0.58% rose 0.7%, with beverage maker Kirin 2503, +1.94% , retailer FamilyMart 8028, +4.74% and furniture retailer Nitori 9843, +2.73% showing strong gains. But energy and financial stocks fell sharply after end-of-week drops in crude and Treasury yields. Oil explorer Inpex 1605, -2.78% was down 2.8% and Mitsubishi UFJ 8306, -1.31% was off another 1.5%.

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