Home Markets Most Asian markets rise after healthy US jobs report

Most Asian markets rise after healthy US jobs report


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Hong Kong (AFP)

Asian markets mostly rose Monday following another Wall Street record sparked by a blockbuster US jobs report that reaffirmed the country’s recovery was on track, while oil prices dipped as top producers struggled to reach a deal on lifting output.

All three main indexes in New York finished the week at a fresh peak in reaction to data showing far more people than expected were employed last month, as the world’s top economy continues to race out of last year’s pandemic-induced recession.

The Labor Department report was seen as providing the best of both worlds for investors as it also showed the unemployment rate ticking up slightly, tempering worries that the Federal Reserve will have to rein in its ultra-loose monetary policy sooner to prevent the economy from…

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