Markets respond to softer US jobs data
Asian stocks advanced as US employers hired fewer workers in September than forecast, cooling expectations of Federal Reserve rate hikes. The MSCI Asia-Pacific index gained 0.4–0.5%, while the Nikkei 225 rose 2.28% and the Topix 1.07%.
Timeline
Monday, 5 October
- Higher oil prices and bond yields narrow Wall Street’s stock rally
Elevated oil prices and rising bond yields are narrowing Wall Street’s rally
- Asian shares rise as softer US jobs data cools Fed rate-hike bets
MSCI Asia Pacific gained 0.4%-0.5%; Japan’s Nikkei rose 2.28% and Topix 1.07%
