Asian markets and US dollar climb ASIAN markets rose Monday, with the greenback also climbing, after a report showing modest gains in US job creation eased concerns the Federal Reserve will soon start to roll back its huge monetary easing scheme. However, buying sentiment was tempered by more relatively weak trade data out of China that adds to concerns of a slowdown in the world's number two economy. Tokyo rallied 4.94 per cent, surging 636.67 points to 13,514.20 as the dollar clawed back some of last week's losses against the yen. Seoul added 0.46 per cent, or 8.85 points, to close at 1,932.70. Hong Kong ended up 0.18 per cent, or 39.83 points, at 21,615.09. Shanghai and Sydney were closed for public holidays. On Friday the Labor Department said 175,000 jobs were generated in May, better than expected but still only at the same pace of the past year. Kenji Shiomura, strategist at Daiwa Securities, said the figures "reduced concerns over the Fed's reeling in its bond-buying program soon." Global markets had been in flux for the past week as dealers bet that the Fed would pull the plug on the scheme, known as quantitative easing. The news boosted the dollar. In late afternoon Tokyo trade the greenback stood at 98.70 yen, compared with 97.56 yen late Friday in New York and 96.44 yen in Asia earlier Friday. The US unit sank more than four per cent at one point last week. The euro traded at $1.3197, from $1.3218 late Friday. It was at 129.70 yen from 128.95 yen. The job report also provided support for US stocks. The Dow jumped 1.38 per cent, the S&P 500 put on 1.28 per cent and the Nasdaq added 1.32 per cent. Japanese investors took extra cheer from revised figures that showed the economy grew at an annualised rate of 4.1 per cent in January-March, up from an preliminary reading of 3.5 per cent. Also Monday, official figures showed Japan posted a current account surplus for the third straight month in April, as the weaker yen helped boost the value of income from overseas investments. However, trade figures out of China provided fresh worries for the Asian economic giant. On Saturday Beijing reported a sharp slowdown in exports in May compared to April, while imports unexpectedly dropped owing to weakness in the domestic economy. Official data also showed industrial production rose at a slower pace than the previous month while fixed-asset investment also came in below expectations. Wellington finished 0.76 per cent higher, adding 33.53 points to 4,473.38. Fletcher Building closed up 0.8 per cent at NZ$8.36, Sky City rose 4.3 per cent to NZ$4.33 and Air New Zealand was up 2.3 per cent at NZ$1.54. Manila closed 2.59 per cent higher, surging 173.65 points to 6,875.60.