Asian stock markets rose in Monday morning trade on upbeat investor sentiment.
Japan's benchmark Nikkei 225 climbed over 2 percent on a weaker yen.
Hong Kong's Hang Seng Index rose 1.6 percent and the Hang Seng Tech Index rose 3.05 percent, both hitting new highs since February 2022 as investors continue to cheer on China's new stimulus measures.
The Chinese mainland stock market remains closed for the seven-day Golden Week holiday. From Tuesday, the Shanghai Stock Exchange will extend five minutes' time for new investors to entrust a broker for their trades.
Goldman Sachs has upgraded its call on Chinese stocks to "overweight," signaling foreign investors' confidence in China's policy stimulus.
Asian shares up, Goldman Sachs upbeat on China stocks
China created a total of 11.98 million new urban jobs in the first 11 months of the year, official data showed on Friday.
Since the beginning of this year, the employment situation has been generally stable among young people, including college graduates, while the scale of rural migrant workers continued to grow, according to the Ministry of Human Resources and Social Security.
This year, the ministry continued to implement policies such as reducing insurance charges of unemployment or work-related injury, which are levied on enterprises, and strengthening support for business entities in areas including the private sector and micro, small and medium enterprises.
A total of 1.32 million internship positions were released this year. In addition, vocational training subsidies were issued to over 12 million people, with migrant workers as the majority, and 150,000 enterprise-based apprentices have benefited from subsidy policies.
Moreover, 679 vocational schools have adopted an integrated work-study model that merges the work process with the learning, and have trained more than 18,000 teachers under the project.
During the January-September period, a total of 80.2 billion yuan (11.2 billion U.S. dollars) was issued in employment subsidies to enterprises nationwide to encourage employment, the data showed on Friday.
China creates 11.98 million new urban jobs in first 11 months
