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International Business Times
International Business Times
Business
AFP News

Asian Markets Drop As US Jobs Deal Fresh Blow To Early Rate Cut Hopes

Asian markets continued their sluggish start to the year Monday (Credit: AFP)

Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after a forecast-busting US jobs report further dampened hopes for an early interest rate cut.

The keenly awaited non-farm payrolls data Friday showed the world's number one economy remains resilient despite interest rates sitting at a two-decade high and inflation still well above the Federal Reserve's target.

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