Markets in Asia rise on Friday as sentiment improves after a weaker-than-expected US jobs report reduces expectations for aggressive Federal Reserve rate hikes. Multiple reports describe the rebound as centered on technology shares, which have been “beaten down” earlier and see a bounce as selling pressure eases. The US data is said to have missed expectations, which helps lower near-term concerns about tighter monetary policy and supports broader risk appetite across equities.
The reports also note that currencies respond to the shift in expectations: the yen strengthens as markets reassess the outlook for US interest rates. In Europe, stocks also mostly move higher, with investors citing a more favorable outlook for borrowing costs tied to reduced perceived urgency of further Fed tightening. Overall, the combination of the US labor-market data and the rebound in tech stocks contributes to a more positive trading tone across global markets.
