Reported 3 months ago
Asian stocks climbed following robust US payroll data that highlighted economic health and fueled optimism for a stable growth trajectory. Markets in Australia, South Korea, and Japan saw gains as traders adjusted their expectations regarding Federal Reserve interest rate cuts. The positive outlook was reinforced by the potential resurgence of Chinese shares after recent stimulus measures. Although a US recession is still possible, the likelihood has diminished according to financial experts.
Source: YAHOO