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International Business Times
International Business Times
Business
AFP News

Asian Markets Build On Rally As US Jobs Data Boost Rate Cut Hopes

Mainland Chinese markets rose as they returned from a break, helped by hopes for government support for the property sector and economy (Credit: AFP)

Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.

A tech rally saw the Nasdaq lead Wall Street up after Friday's non-farm payrolls figures, which helped soothe concerns that forecast-busting inflation figures at the start of the year meant the Federal Reserve would keep borrowing costs at two-decade highs for an extended period.

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